Uber Increases Stake in WeRide with Significant Shareholding

Stock News03-30 20:48

Uber Technologies (UBER.US) has filed a Form 13G disclosing its beneficial ownership of approximately 56.6183 million Class A ordinary shares of WeRide Inc. (WRD), representing about 5.82% of the company's issued and outstanding Class A ordinary shares. As a globally leading mobility platform, Uber's continued increase in its shareholding further demonstrates its strong recognition of the company's technological leadership, global commercialization capabilities, and long-term strategic synergies. This move also reaffirms WeRide's central leadership role in the global Robotaxi ecosystem. Separately, WeRide disclosed on the Hong Kong Stock Exchange that on March 30, it repurchased 9.6077 million Class A ordinary shares, with a total investment of approximately HK$189 million. The buyback, executed using the company's own funds and concrete actions, conveys the firm conviction of management and the board in the company's long-term intrinsic value, global business expansion prospects, and future growth potential. It also underscores WeRide's ongoing commitment to enhancing shareholder returns and optimizing capital allocation.

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