Sunday, July 31, 2016

Uber China to merge with Didi in US$35B deal: Bloomberg

This merger will mark the end of a protracted competition between the two ride-hailing giants in China Two Chinese riding hailing giants, Uber China and Didi, are set to merge in a deal valued at US$35 billion, according to sources at Bloomberg. Investors in Uber’s China chapter will stand to receive a 20 per cent...
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