Uber reportedly merges with rival Didi Chuxing in China

Chinese ride hailing service Didi Chuxing is buying Uber’s China operations, according to a latest report from Bloomberg. Didi is investing a $1 billion investment in Uber at a $68 billion valuation. The combined value of the new entity will be about $35 billion. As per the report, investors in Uber China will be receiving 20 percent … Continue reading "Uber reportedly merges with rival Didi Chuxing in China"

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