Asian Tech Press -- DiDi Global Inc. (DIDI), also Didi, the Chinese top ride-hailing company, denied rumors of changes in the company's management on Thursday.

The South China Morning Post reported on Wednesday that Didi co-founder and chairman Will Wei Cheng, co-founder and president Jean Qing Liu, and senior vice president for international business Stephen Jingshi Zhu were under investigation by Chinese regulators, and the results will lead to personnel changes at Didi.

Didi responded to the rumors, saying, "Didi is now actively and fully cooperating with the cybersecurity review, and rumors in the market about changes in the company's management are untrue."

Last week Reuters reported that Didi was in talks with Westone Information Industry Inc., a third-party security systems services company with a state-owned background, to handle its data control, which Reuters interpreted "as part of its efforts to placate domestic regulators."

Later that day, Didi issued a clarification on China's Twitter-like platform Weibo, claiming, "Recent market rumors about 'Didi ceding data rights to a third party, introducing a major shareholder and delisting' are all false."

In July, Didi was listed on the New York Stock Exchange, with a market capitalization once close to Uber, and then Chinese regulators launched a review of Didi on the issue of data security, during which Didi's various apps were taken down by major application platforms.

At present, the share price of Didi is nearly cut in half.