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Beijing city looks to take Didi under state control, Bloomberg News reports Sept 3 (Reuters) - Beijing city is considering taking Didi Global (DIDI.N) under state control and has proposed that government-run firms invest in the Chinese ride-hailing company, Bloomberg News reported. The central thrust of the city government's proposal is to regain control over one of its largest corporations, and particularly the data it holds, Friday's Bloomberg report said. Chinese authorities have stepped up their regulation of technology firms in the past year to improve market competition, data handling and their treatment of employees. Under the preliminary proposal, some Beijing-based companies including Shouqi Group, part of the state-owned Beijing Tourism Group, would acquire a stake in Didi, Bloomberg reported, citing unidentified people familiar with the matter. 🔥😎 Join WeBull with my link and receive UP TO 4 FREE STOCKS 🤝 https://act.webull.com/k/hMN1TBS6nyB8... 🔥 SOCIAL MEDIA ⚫PATREON Join Our Patreon Community and help support this channel...If you want to 😊, or you can just hit the LIKE button which really helps me. Thank you! / bullmarketwatch ⚫FACEBOOK / 659635791621800 ⚫TWITTER / watch_ipo 🔥 Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence. I am not a financial advisor or professional stock analyst. Trade at your own risk. There are risks associated with investing in a public offering, including unproven management, and established companies that may have substantial debt. As such, they may not be appropriate for every investor. You should read the offering prospectus carefully, and make your own determination of whether an investment in the offering is consistent with their investment objectives, financial situation, and risk tolerance.