DIDI - Soros Soroban D1 Capital lighten up on Chinese stocks in Q2

August, 17 2021 11:55 AM DiDi Global Inc. American Depositary Shares (each four representing one Class A)

Soros Fund Management exits Chinese stocks Tencent Music Entertainment (TME -13.5%), IQIYI (IQ -3.3%), Baidu (BIDU -3.3%), and Vipshop Holdings (VIPS -4.8%) in Q2, according to the company's latest 13F filing. However, it started a new position in ride-hailing app DiDi Global (DIDI +3.5%) with 2.72M shares. A couple other family offices decided to lighten up on their stakes in U.S.-listed Chinese companies. Soroban Capital Partners, cofounded by Eric Mandelblatt, exited Alibaba (BABA -4.1%), divesting its 2.06M-share stake. D1 Capital, founded by Daniel Sundheim, shed its 25M New Oriental Education & Technology (NYSE:EDU) ADSs; it still holds 3.88M ADSs of KE Holdings (NYSE:BEKE) and 15.5M ADSs in JD.com (NASDAQ:JD). Earlier this month, TAL Education and New Oriental Education & Technology delayed their earnings releases in light of the government's new rules for tutoring companies.

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Soros, Soroban, D1 Capital lighten up on Chinese stocks in Q2

Company Name:	DiDi Global Inc. American Depositary Shares (each four representing one Class A)
Stock Symbol:	DIDI
Market:	NYSE

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