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08-01-2016, 09:03 AM
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Uber gets ready to take the backseat to competitors in China
   Faced with massive losses in China, Uber is finally ready to call it quits in the massive market, where it's been soundly beaten by domestic ride-hailing service Didi Chuxing. As reported by Bloomberg and confirmed later by other news outlets, Uber will merge its China business with Didi, creating an entity worth a combined $35 billion. SEE ALSO: Uber's enemies unite: its top American rival teams up with its biggest China rival While this may herald the end of Uber's direct efforts in China, the Bloomberg report **ted that Uber will get 20 percent of the new combined entity, giving it a healthy stake in the rapidly growing Chinese ride-hailing market. Read more... More about Didi Chuxing, Ride Hailing Apps, Uber, China, and World ??????? ??????: Uber gets ready to take the backseat to competitors in China || ??????: rss || ??????: اسم منتداك
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