. Beijing is eyeing a plan to take Didi under state control by acquiring a stake through government-run firms including Beijing Tourism Group, the report said. It is still an early-stage proposal pending government approval, according to the report, which cited people familiar with the matter.
— Shares of the database company surged almost 25% Friday after reporting quarterly results late Thursday. The firm recorded a loss of 24 cents per share, which was narrower than the loss of 39 cents estimated by analysts. However, it beat revenue estimates and gave positive revenue guidance for the current quarter.
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