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. Continue reading “Didi Chuxing to acquire Uber China”
Chinese ride hailing service Didi Chuxing is buying Uber’s China operations, according to a latest report from Bloomberg. Didi is investing a $1 billion investment in Uber at a $68 billion valuation. The combined value of the new entity will be about $35 billion.
Continue reading “Uber reportedly merges with rival Didi Chuxing in China”
Apple has invested $1 billion in Chinese ride hailing service Didi Chuxing, formerly known as Didi Kuaidi. The move comes from the company to get a better understanding of Chinese market.
Continue reading “Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing”
