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08-01-2016, 06:47 PM
Uber's web of partners gets more complex with Didi investment
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Uber's network has become so much bigger — and more complex — than the cars it navigates around the world.
The San Francisco-based company has connected itself to Didi Chuxing, the most popular ride-hailing service in China and its former rival. Uber will sell its operation in China to Didi, Bloomberg first reported (http://mashable.com/2016/08/01/uber-didi-merge/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and the business will transform into a new entity valued at $35 billion.*
It's **t just Uber buying into Didi. Uber will take a 20 percent stake in the combined company, while Didi will invest $1 billion into Uber.*
The ridehailing industry had already been a tangled web of interests thanks to a variety of investments from some of the biggest and most influential tech companies in the world, **t to mention a few car companies and banks. Read more... (http://mashable.com/2016/08/01/uber-didi-investments/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about World (http://mashable.com/world/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Transportation (http://mashable.com/category/transportation/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ride Hailing Apps (http://mashable.com/category/ride-hailing-apps/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ride Hailing (http://mashable.com/category/ride-hailing/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/bI_H7dQlLaw
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Uber's network has become so much bigger — and more complex — than the cars it navigates around the world.
The San Francisco-based company has connected itself to Didi Chuxing, the most popular ride-hailing service in China and its former rival. Uber will sell its operation in China to Didi, Bloomberg first reported (http://mashable.com/2016/08/01/uber-didi-merge/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and the business will transform into a new entity valued at $35 billion.*
It's **t just Uber buying into Didi. Uber will take a 20 percent stake in the combined company, while Didi will invest $1 billion into Uber.*
The ridehailing industry had already been a tangled web of interests thanks to a variety of investments from some of the biggest and most influential tech companies in the world, **t to mention a few car companies and banks. Read more... (http://mashable.com/2016/08/01/uber-didi-investments/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about World (http://mashable.com/world/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Transportation (http://mashable.com/category/transportation/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ride Hailing Apps (http://mashable.com/category/ride-hailing-apps/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ride Hailing (http://mashable.com/category/ride-hailing/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/bI_H7dQlLaw