Chinese ride-hailing app DiDi to become second largest shareholder of state-backed NavInfo unit

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.

DiDi Smart Transportation Technology will make up 87% of AutoAi’s plan to boost its registered capital by 27.45 million yuan ($3.85 million), with NavInfo contributing the remainder, showed the filing with the Shenzhen Stock Exchange.