DiDi Global Inc. beneficial ownership disclosure: Will Wei Cheng reports beneficial ownership of 77,421,441 Class A ordinary shares, representing 6.9% of the Class A shares as of March 20, 2026. The filing shows Mr. Cheng has sole voting power over 97,690,689 votes, which reflects voting proxies and Class B shares held by Xiaocheng Investments Limited. Xiaocheng Investments Limited is reported to hold 76,171,441 Class B ordinary shares and sole dispositive power over those shares. The filing notes 1,250,000 Class A shares underlying options exercisable within 60 days after March 20, 2026.
DiDi Global Inc. files its annual report describing a Cayman holding-company structure that relies on PRC variable interest entities (VIEs) for most operations and revenue. VIEs and their subsidiaries contributed 92.5%, 91.6% and 91.0% of total revenues in 2023, 2024 and 2025, highlighting investor exposure to PRC contractual arrangements and regulatory change.
Consolidated revenues grew from RMB192,380 million in 2023 to RMB206,799 million in 2024 and RMB226,701 million in 2025. The group moved from a net loss of RMB4,752 million in 2023 to profits of RMB1,275 million in 2024 and RMB1,005 million in 2025, although 2025 included an operating loss of RMB3,629 million. As of December 31, 2025, DiDi reports 1,139,645,180 ordinary shares outstanding.
The report details extensive risks from PRC regulation, cybersecurity and data-security laws, prior cybersecurity review and rectification, cross-border data transfer rules, and potential trading prohibitions under the Holding Foreign Companies Accountable Act if PCAOB access is restricted again. It also explains cash-flow constraints between the Cayman parent, PRC subsidiaries and VIEs, and provides granular condensed financial information by entity group.
DiDi Global Inc. director and CEO Cheng Will Wei reported his initial ownership on a Form 3. He holds share options covering 1,250,000 Class A ordinary shares with an exercise price of $0.0001823, fully vested and expiring on April 16, 2031. He also has an indirect interest in 76,171,441 Class B ordinary shares held of record by Xiaocheng Investments Limited, which is beneficially owned by him through a trust.
DiDi Global Inc. director and Chief Financial Officer Zhuo Yue filed an initial ownership report listing multiple option grants over Class A ordinary shares. The grants cover 200,000, 500,000, 150,000 and 150,000 underlying shares at an exercise price of $0.0001823, with vesting schedules running from 2026 through 2030 and expirations between 2032 and 2036.
DiDi Global Inc. director and Chief Legal Officer Liu Shaorong reported existing equity awards in the form of share options over Class A ordinary shares. One grant covers 240,000 underlying shares and will vest in three equal annual installments beginning on June 3, 2026. A second grant covers 200,000 underlying shares; 100,000 options are vested as of this Form 3, and the remaining 100,000 will vest in four equal annual installments beginning on February 1, 2027. The options have an exercise price of $0.0001823 per share and expire in 2034 and 2036, respectively.
DiDi Global Inc. Chief Technology Officer Lai Chunbo filed an initial Form 3 reporting his existing equity stake in the company. He directly holds American Depositary Shares (ADSs) and multiple grants of share options over Class A ordinary shares with a very low exercise price.
The options cover separate blocks of 200,000, 350,000, 200,000 and 200,000 underlying Class A ordinary shares, with vesting schedules running from April 1, 2026 through February 1, 2030. A footnote states the exercise price is $0.0001823 per share. Another footnote clarifies that four ADSs represent one Class A ordinary share.
DiDi Global Inc. director Wang Gaofei has filed an initial Form 3 showing holdings of vested share options over Class A ordinary shares. The options were granted under the company’s share incentive plans, with individual grants covering 35,714 or 36,000 underlying shares and expirations ranging from 2032 to 2036. Most of these options were already fully vested as of the Form 3 date, while one grant of options over 36,000 shares will vest on June 29, 2026. The exercise price for these options is stated as $0.0001823, indicating they function as low-cost equity incentives rather than open-market purchases.
DiDi Global Inc. director Liang Fengxia filed an initial Form 3, which is the first required ownership report for insiders. This filing establishes her status as a director of the company but the excerpt does not show any reported share transactions or derivative positions.
DiDi Global Inc. director Yang Zhihui reported existing holdings of vested share options in the company. The filing lists four grants of share options, each linked to 36,000 Class A ordinary shares, for a combined potential 144,000 shares if exercised.
According to the footnotes, three grants have already fully vested, while the fourth will vest on April 28, 2026. All options carry a very low exercise price of $0.0001823 per share, with expiration dates ranging from 2033 through 2036, indicating long-term incentive alignment.