Didi agrees to settle the class action lawsuit in order to eliminate interference and focus on the company's development.

On August 28th, Didi announced that it has agreed to pay $740 million to settle a class action lawsuit brought by investors. Didi stated that it did not engage in any misconduct, and the settlement is to avoid the costs and disruptions to business development that litigation may bring. The lawsuit stemmed from July 2021, when some investors filed a class action lawsuit against Didi, alleging that the company may have released severely misleading business information to investors. Didi stated that the settlement is subject to many conditions, including court approval, and does not constitute any acknowledgment or recognition that the claims made in the lawsuit have any legal basis.