Why did DiDi Global stock decline nearly 5% on Monday? It might be the situation in Beijing.

On Monday, the shares of Chinese ride-hailing giant DiDi Global (OTCPK:DIDIY) declined by over 5% due to a lack of significant company news.

12.2M shares of DiDi's (OTCPK:DIDIY) stock had changed hands by the time trading ended, which was somewhat below typical activity. DiDi (OTCPK:DIDIY) sees 14.5 million shares traded on average each day.

DiDi's (OTCPK:DIDIY) app was recently given the green light to return to China's Apple (AAPL) app stores, which was a mixed bag for the company. DiDi (OTCPK:DIDIY) appears to be ready to face some fresh competition, though, as China is rumoured to be launching a state-owned ride-sharing and airline reservation service soon.

DiDi's (OTCPK:DIDIY) stock now has a consensus strong buy rating from Wall Street analysts, however Seeking Alpha contributors rate the stock as sell. Hold is Seeking Alpha's Quant System's recommendation for DiDi's (OTCPK:DIDIY) stock. The Quant System has a track record of outperforming the stock market.