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August 12, 2016 01:46 am GMT
Earlier thismonth the ride-sharing world faced its first major shakeupwhen Uber announced that it would sellits China business to primary competitor Didi for an ownership stake of 18% in the combined China entity, valued at $35 billion, withDidi also buying a $1billionstake in Uber.While some may focus on the terms of the deal, the crux is that Uber was in a no-win situation in… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/G2OGhIAMixU/
After China, India looms as Ubers next battleground
Earlier thismonth the ride-sharing world faced its first major shakeupwhen Uber announced that it would sellits China business to primary competitor Didi for an ownership stake of 18% in the combined China entity, valued at $35 billion, withDidi also buying a $1billionstake in Uber.While some may focus on the terms of the deal, the crux is that Uber was in a no-win situation in… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/G2OGhIAMixU/
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