ahlam1399
08-01-2016, 09:03 AM
Chinese ride-hailing service Didi Chuxing is set to acquire the Chinese operations of rival Uber in a $35 billion deal, reports Bloomberg (http://www.bloomberg.com/news/articles/2016-08-01/uber-said-to-merge-china-business-with-didi-in-35-billion-deal) and The Wall Street Journal (http://www.wsj.com/articles/china-s-didi-chuxing-to-acquire-rival-uber-s-chinese-operations-1470024403). Apple **tably invested $1 billion (http://www.macrumors.com/2016/05/12/apple-invests-1billion-didi-chuxing/) in Didi Chuxing back in May, giving Apple access to data and expertise on electric and auto**mous car tech**logy, as well as a foot in the door with the Chinese investment community.
http://cdn.macrumors.com/article-new/2016/08/didi_uber_icons.jpgThe valuation of the combined ride-hailing company is $35 billion, the people said. Investors in Uber China, an entity owned by San Francisco-based Uber, Baidu Inc. and others, will receive a 20 percent stake in the combined company, the people said. Uber will continue to operate its own app in China for **w.
Didi is making a $1 billion investment in Uber at a $68 billion valuation, people familiar with the matter said.As **ted in a forthcoming blog post by Uber CEO Travis Kalanick that was obtained by Bloomberg, neither Uber **r Didi Chuxing has turned a profit in China despite billions of dollars in investment, and combining operations will help smooth the path to profitability and a sustainable business.
Apple is of course widely rumored to be working on its own car-related project dubbed Project Titan, an effort that is an "open secret" (http://www.macrumors.com/2016/01/11/elon-musk-apple-car-open-secret/) in Silicon Valley according to Tesla CEO Elon Musk. The most recent developments with Project Titan include a new chief (http://www.macrumors.com/2016/07/25/apple-car-bob-mansfield/) in veteran Apple executive Bob Mansfield and a new focus on auto**mous driving software (http://www.macrumors.com/2016/07/28/apple-car-auto**mous-driving-system/) that could give Apple flexibility beyond plans to build its own vehicles.
Related Roundup: Apple Car (http://www.macrumors.com/roundup/apple-car/)
Tags: Uber (http://www.macrumors.com/roundup/uber/), Didi Chuxing (http://www.macrumors.com/roundup/didi-chuxing/)
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http://cdn.macrumors.com/article-new/2016/08/didi_uber_icons.jpgThe valuation of the combined ride-hailing company is $35 billion, the people said. Investors in Uber China, an entity owned by San Francisco-based Uber, Baidu Inc. and others, will receive a 20 percent stake in the combined company, the people said. Uber will continue to operate its own app in China for **w.
Didi is making a $1 billion investment in Uber at a $68 billion valuation, people familiar with the matter said.As **ted in a forthcoming blog post by Uber CEO Travis Kalanick that was obtained by Bloomberg, neither Uber **r Didi Chuxing has turned a profit in China despite billions of dollars in investment, and combining operations will help smooth the path to profitability and a sustainable business.
Apple is of course widely rumored to be working on its own car-related project dubbed Project Titan, an effort that is an "open secret" (http://www.macrumors.com/2016/01/11/elon-musk-apple-car-open-secret/) in Silicon Valley according to Tesla CEO Elon Musk. The most recent developments with Project Titan include a new chief (http://www.macrumors.com/2016/07/25/apple-car-bob-mansfield/) in veteran Apple executive Bob Mansfield and a new focus on auto**mous driving software (http://www.macrumors.com/2016/07/28/apple-car-auto**mous-driving-system/) that could give Apple flexibility beyond plans to build its own vehicles.
Related Roundup: Apple Car (http://www.macrumors.com/roundup/apple-car/)
Tags: Uber (http://www.macrumors.com/roundup/uber/), Didi Chuxing (http://www.macrumors.com/roundup/didi-chuxing/)
Discuss this article (http://forums.macrumors.com/threads/didi-chuxing-uber-china.1985670/) in our forums
http://feeds.feedburner.com/~ff/MacRumors-All?d=6W8y8wAjSf4 (http://feeds.macrumors.com/~ff/MacRumors-All?a=03CuWa-nTZo:o3LCc6blsDU:6W8y8wAjSf4) http://feeds.feedburner.com/~ff/MacRumors-All?d=qj6IDK7rITs (http://feeds.macrumors.com/~ff/MacRumors-All?a=03CuWa-nTZo:o3LCc6blsDU:qj6IDK7rITs)
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أكثر... (http://www.macrumors.com/2016/08/01/didi-chuxing-uber-china/)