01 August 2016

Didi and Uber marrying in China

Considering my recent blog covering Didi Chuxing and Uber (click here to read), I thought it would be appropriate to post the news that Didi has paid billions today to acquire Uber's Chinese operation.

“Didi Chuxing and Uber have learned a great deal from each other over the past two years,” said Didi founder and CEO Cheng Wei in a statement quoted by Bloomberg. “This agreement with Uber will set the mobile transportation industry on a healthier, more sustainable path of growth at a higher level.”

Click here for more from Bloomberg on this story.


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