FTSE adds China’s Didi to its global indexes

In a statement FTSE said, China’s Didi Global Inc will be added to its global equity indexes on July 8 following its U.S. stock market debut.

In a statement FTSE said, Didi’s shares will be included in the FTSE All-World Index, the FTSE Global Large Cap Index, and the FTSE Emerging Index.

The announcement came as Didi, backed by Japan’s SoftBank Group Corp, rose slightly on its U.S. debut, valuing it at $68.49 billion, in the biggest U.S. listing by a Chinese company since 2014.

Didi is also backed by Tencent, Uber and Alibaba.

Incidentally, Chinese companies do not comply to US accounting standard.

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