Case Background:
This is a securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired DiDi Global, Inc. (“DiDi”) American Depositary Shares (“ADS”) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with its initial public offering (“IPO”) between June 30, 2021 and July 21, 2021, inclusive (the “Class Period”).
The complaint alleges that, in the Registration Statement and throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) DiDi’s apps did not comply with applicable laws and regulations governing privacy protection and the collection of personal information; (2) as a result, DiDi was reasonably likely to incur scrutiny from the CAC; (3) the CAC had warned DiDi to delay its IPO to conduct a self-examination of its network security; (4) as a result of the foregoing, DiDi would face “serious, perhaps unprecedented, penalties” from relevant authorities; (5) as a result of the foregoing, DiDi’s apps were reasonably likely to be taken down from app stores in the PRC, which would have an adverse effect on its financial results and operations; and (6) as a result of the foregoing, the Defendants’ positive statements about DiDi’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On December 15, 2025, Lead Plaintiffs filed a Stipulation and Agreement of Settlement. There is a hearing regarding the proposed agreement scheduled for December 22, 2025. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.