Shares held by the management of Chinese ride-hailing service giant Didi Chuxing will be diluted to 8.4 percent because of a round of financing in June, domestic financial news portal caixin.com reported on Monday.
At present, staff hold 10 percent of the company. Two major investors, domestic Internet giants Tencent Holdings and Alibaba Group Holding, hold 11.4 percent and 9.5 percent respectively, the report said.
No other shareholder has more than a 5 percent stake.
Didi Chuxing completed a round of financing in June, with investment worth $7.3 billion, and new investors include Apple Inc and China Life Insurance, the Xinhua News Agency reported.
On August 1, Didi announced that it had reached a strategic agreement to acquire Uber -China.
The transaction will be carried out via a share swap and Didi and Uber will become minority shareholders of each other. Uber will hold a 5.89 percent stake in Didi.
After the acquisition, the stakes of Didi's previous shareholders will be diluted, Caixin said.
The report cited an unidentified investor as saying that the details of the change haven't been released.
According to information from the announcement on August 1, Uber China is valued at $7 billion and Didi Chuxing at $27 billion, the Caixin report said.
