Chinese ride hailing service Didi Chuxing has acquired all assets of Uber China–including its brand, business operations and data–for operation within mainland China. Both the companies have officially announced the deal after it was reported yesterday. In exchange for the Uber China assets, Uber will receive 5.89% of the combined company with preferred equity interest which is equal to a 17.7% economic interest in Didi … Continue reading "Didi Chuxing to acquire Uber China"
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