SCHEDULE: DiDi Global: Will Wei Cheng Updates Beneficial Ownership

Will Wei Cheng reports a 6.9% beneficial ownership stake in DiDi Global Inc. as of May 1, 2026.

Summary

• Will Wei Cheng, through Xiaocheng Investments Limited and personal holdings, maintains a 6.9% economic interest in DiDi Global Inc.
• The reporting person holds 77,421,441 shares in terms of economic interest.
• Mr. Cheng exercises significant voting control, representing 43.2% of the total outstanding voting power due to the 10-to-1 voting rights of Class B shares.
• The filing confirms the ownership structure as of March 20, 2026, based on 1,126,879,059 total ordinary shares outstanding.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral regulatory disclosure that confirms existing control structures without signaling new strategic shifts or financial changes.

Positives

• The filing demonstrates strong alignment between the founder and the company's long-term governance.
• Mr. Cheng maintains substantial voting control, ensuring stability in strategic decision-making.

Negatives

• The concentration of voting power in the hands of a single individual may limit the influence of minority shareholders.

Risks

• Dual-class share structures with unequal voting rights can create potential conflicts between management and public shareholders.
• Regulatory and geopolitical risks associated with operating in China remain a factor for DiDi Global.

Future Outlook

The filing does not provide forward-looking operational guidance, as it is a regulatory disclosure regarding beneficial ownership.

Management Comments

• The reporting person certifies that the information set forth in the statement is true, complete, and correct.

Industry Context

StockSavvy.ai notes that this filing is a standard regulatory update for major shareholders in the ride-hailing and technology sector, reflecting the common practice of founders maintaining significant voting control through dual-class share structures in Chinese tech firms.

Comparison to Industry Standards

• The use of dual-class shares to maintain founder control is consistent with industry standards for major Chinese technology companies listed in the U.S.
• The 43.2% voting power held by the founder is typical for companies seeking to insulate long-term strategy from short-term market volatility.

Corporate Governance

Related Party Transactions

• The filing discloses that Xiaocheng Investments Limited is beneficially owned by Will Wei Cheng through a trust.

Stakeholder Impact

• Shareholders should note the continued concentration of voting power, which influences corporate governance and board composition.

Next Steps

• Continued monitoring of regulatory filings for any changes in shareholding or voting proxies.

Key Dates

Keywords

DiDi Global, Schedule 13G, Beneficial Ownership, Will Wei Cheng, Corporate Governance, Voting Power