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Uber China will merge with Digi Chuxing
Publié: août 2, 2016, 1:55pm CEST par Sam Pudwell
Uber CEO Travis Kalanick announced via a blog post that Uber China -- a subsidiary of the taxi-hailing app -- will merge with its biggest competitor in the region -- Didi Chuxing -- in a whopping $35 billion deal. The blog post has recently been doing the rounds on Chinese social media, with the deal effectively signalling the end of a hard-fought market share battle in China in which both companies have invested huge amounts of money without really getting anywhere. According to Business Insider, the terms of the deal state that Didi will invest $1 billion in Uber Global at a $68 billion valuation, leaving Uber… [Continue Reading]