U.S. filings revealed significant exposure to troubled ride-hailing giant Didi by various major players ranging from state-owned investment giants to renowned hedge funds.
Tens of millions of American Depository Receipts (ADR) in Didi have been held by major investors worldwide, according to U.S. filings through June 30. They include the likes of Singapore state-owned fund Temasek (33 million ADRs), T. Rowe Associates (10.2 million) and George Soros’ fund (2.72 million).
There is no indication of the gains or losses made as the «13F» filings required by the Securities and Exchange Commission only disclose a snapshot of holdings and not the date that purchases were made.
Didi’s stock price peaked on July 1 at $16.40 per share one day after its $4.4 billion market debut in New York. Another one day after this, China’s cyberspace regulator said it was probing the firm and its stock has since been in decline, more than halving in value.
