DiDi to become 2nd-largest shareholder in state-backed NavInfo's unit

DiDi to become 2nd-largest shareholder in state-backed NavInfo's unit

A car of Chinese ride-hailing service Didi is seen at the Shanghai Hongqiao International Airport in Shanghai, China August 14, 2023. REUTERS/Aly Song/File Photo

Chinese ride-hailing giant DiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of AutoAi, a subsidiary of state-backed maps firm NavInfo, the latter said in a stock exchange filing on Wednesday.