A DiDi relisting in Hong Kong won near-unanimous backing among respondents to a voluntary shareholder survey released by Heng Ren Partners on October 26, 2026. The investment manager, whose fund owns DiDi shares, is pressing the company for a listing timetable, a shareholder meeting, public earnings calls and an election for an independent director.
Key Takeaways
- Support ranged from 99.3% to 100% across five questions on listing and shareholder engagement.
- The October 16–21 survey was voluntary and was not a scientific sample or a formal shareholder vote.
- Heng Ren is seeking action from DiDi’s board; the survey does not establish an approved Hong Kong listing plan.
Table of Contents
- What the DiDi relisting survey shows
- A campaign for listing and board access
- The listing request remains unresolved
- Conclusion
What the DiDi relisting survey shows
Heng Ren’s survey found strong agreement among participating shareholders on both a change of trading venue and greater access to management. Respondent totals varied by question, with unanimous support for a shareholder meeting and disclosure of a Hong Kong listing plan.
The results measure sentiment among those who chose to participate, not approval by a specified proportion of DiDi’s outstanding shares. They therefore should not be read as a binding shareholder mandate or evidence that all investors share the same priorities.
| Item | Details |
|---|---|
| Hong Kong listing | 144 respondents supported the request, or 99.3% of those answering. |
| Shareholder meeting | All 147 respondents supported a meeting to discuss the listing plan. |
| Disclosure of listing plan | All 145 respondents supported disclosure. |
| Open quarterly earnings calls | 146 respondents supported access for all shareholders, or 99.3%. |
| Independent director election | 146 respondents supported shareholder nomination and election, or 99.3%. |
A campaign for listing and board access
Heng Ren’s Bring DiDi Home campaign seeks to organize shareholders to ask DiDi’s board for a Hong Kong listing. Alongside that objective, the manager wants shareholders to be able to nominate and elect an independent director to fill a vacant board seat.
“Relist, re-engage, and understand we want representation,” said Peter Halesworth, Heng Ren’s founder, managing partner and chief investment officer, in the survey announcement.
Heng Ren said it and other shareholders had written to DiDi’s board and management and contacted major shareholders SoftBank, Uber and Tencent to seek support. The announcement does not establish that those companies have endorsed the campaign.
The listing request remains unresolved
DiDi’s shares have traded over the counter in the United States since its June 2022 delisting from the New York Stock Exchange. The company announced in December 2021 that it would begin preparations for a Hong Kong listing.
Heng Ren said that, to its knowledge, DiDi had not subsequently published a listing plan or timetable and had not held a shareholder meeting since 2022. Those are the investment manager’s stated concerns, rather than new commitments from DiDi.
Heng Ren argues that a Hong Kong listing would broaden institutional investor access and improve shareholder value. That is the campaign’s investment rationale, not a guaranteed outcome or an explanation proving why DiDi’s shares have declined.
Conclusion
The survey adds evidence of support within Heng Ren’s shareholder campaign, but it does not change DiDi’s listing status. The next substantive development to watch is whether DiDi’s board announces a listing timetable, shareholder meeting or changes to investor access.
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Disclaimer
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