didi china

Didi To Merge With Uber China Operations in $35 Billion Deal

By Heather Somerville Aug 1 – China’s dominant ride-hailing firm Didi Chuxing will merge with Uber’s business in China in a $35 billion deal that will end bruising competition between the two firms, according to a source familiar with the matter. The deal between the pair – which have been spending heavily to gain market

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