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09-02-2016, 06:00 PM
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Didi-Uber deal draws probe by China’s antitrust watchdog
Didi-Uber deal draws probe by China’s antitrust watchdog
   Chinese regulators have begun an investigation into the landmark merger of Didi Chuxing and Uber Tech**logies Inc.’s domestic business, initiating scrutiny of a deal that would create a $35 billion entity with overwhelming control of the ride-sharing arena. The Ministry of Commerce has met twice with Didi executives after the deal was an**unced in August, requesting documents and other supporting material, ministry spokesman Shen Danyang told reporters Friday.* The government is also seeking a deeper understanding of the ride-sharing sector, he said. Didi’s decision to buy out Uber’s Chinese operation would give it control of almost 90 percent of the ride-hailing market. Yet the odds are slim that the ministry will nix such a high-profile deal involving a well-connected national corporate champion, legal and industry experts have said.* Read more... More about Ride Hailing Apps, China, Uber, Didi Chuxing, and Business ??????? ??????: Didi-Uber deal draws probe by China’s antitrust watchdog || ??????: rss || ??????: اسم منتداك
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