BEIJING—China’s ride-hailing giant Didi Global Inc said on Thursday that rumors about a possible management change are not true.
“Didi is actively and fully cooperating with regulators’ cybersecurity probe, market rumors about management change at the company is not true,” Didi said in a Weibo post.
The statement followed a South China Morning Post report, citing people familiar with the matter, that Didi may reshuffle its senior management team as a result of ongoing cybersecurity investigations.
In July, just days after Didi’s $4.4 billion listing on the New York Stock Exchange, the Cyberspace Administration of China ordered app stores to remove Didi’s main ride-hailing app.
The regulator also told Didi to stop registering new users amid a probe into the company, citing national security and the public interest.
Didi is led by Chief Executive Will Cheng and President Jean Liu.
By Yilei Sun and Brenda Goh
