Uber is selling its China business to dominant local rival Didi Chuxing - The Verge

The Verge

Uber is selling its China business to dominant local rival Didi Chuxing The Verge Chinese ride-hailing service Didi Chuxing is taking over Uber's local business in a deal valuing the combined company at $35 billion, Bloomberg and Recode report. Didi is also said to be investing $1 billion in Uber based on a $68 billion overall ... Uber Said to Merge China Business With Didi in $35 Billion DealBloomberg Uber to Reportedly Merge China Business With Didi Chuxing in $35 Billion DealFortune Uber to merge Chinese business with local competitor Didi Chuxing, says reportCNET Reuters -Business Insider -Los Angeles Times all 63 news articles »