Wolf Popper LLP Announces Investigation on Behalf of Purchasers of DiDi Global, Inc. (DIDI) American Depositary Shares

New York, New York--(Newsfile Corp. - July 6, 2021) - Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of DiDi Global, Inc. (NYSE: DIDI) American Depositary Shares (ADS).

DIDI calls itself the "world's largest mobility technology platform" and provides services including ride hailing, taxi hailing, chauffeur, hitch and other forms of shared mobility. DIDI operates in approximately 4,000 cities, counties and towns across 17 countries. On June 30, 2021, DIDI raised over $4 billion when it held its IPO and sold 316.8MM American Depositary Shares at $14.00 per ADS.

Before the market opened on July 2, 2021, the Cybersecurity Administration of China (CAC) said on its website that it had launched an investigation into DIDI and said DIDI wasn't allowed to register new users during the investigation. The CAC wanted to prevent data security-related risks from DIDI's gathering of vast amounts of real-time mobility data. As a result of this news, DIDI's ADS price fell over 5% to close at $15.53 per ADS. Then on July 4, 2020, the CAC ordered DIDI's app removed from China-based app stores because the app seriously violated the country's laws and regulations through the improper collection and usage of user information.

Finally, on July 5, 2021, The Wall Street Journal reported that the CAC suggested weeks before DIDI's IPO that DIDI delay the offering and "conduct a thorough self-examination of its network security".

For more information, DIDI investors with trading losses of over $50,000 should contact Joshua Ruthizer at (212) 451-9668 or at jruthizer@wolfpopper.com.

Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper's reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm's website at www.wolfpopper.com.

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Wolf Popper LLP
Joshua Ruthizer
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9668
Email: jruthizer@wolfpopper.com

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