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August 1, 2016 03:07 am -04

Uber China merges with rival Didi Chuxing

Uber has agreed to sell its Uber China arm to arch rival Didi Chuxing in exchange for a 20 percent stake in the merged operation, confirming reports from Bloomberg and others. The combined company is reportedly worth $35 billion, giving Uber a $7 bil...

Original Link: https://www.engadget.com/2016/08/01/uber-china-to-merge-with-rival-didi-chuxing/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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