Uber to Merge China Operations With Rival Didi Chuxing: Report

    Ride-sharing giant Uber is to merge its China operations with local rival Didi Chuxing, reports said Monday, ending a ferocious battle for market share in the world’s second-largest economy. The deal will give Uber a 20 percent share in the combined firm, Bloomberg News reported, adding it will be valued at $35 billion (roughly Rs. […]

    What Uber’s bid for peace with Didi Chuxing means for Ola

    Ola raised some $500 million from Didi, SoftBank and others last November. Photo: Bengaluru: A potential truce between ride-hailing services Uber Technologies Inc. and Didi Chuxing in China could have ramifications for the ongoing battle between Uber and Ola, the market leader in India. Investors in Uber are encouraging the company to sign some kind […]

    Uber backers push for Didi Chuxing deal in China

    Uber and Didi Chuxing are bleeding cash in China as they fight for dominance in the world’s most populous country. Photo: Reuters New York/San Francisco/Hong Kong: Uber Technologies Inc.’s investors have a message for the management: It’s time to wrap up the costly fight in China. Several institutional investors are pushing the ride-hailing company to […]