Monday, August 1, 2016

Didi Chuxing buys UberChina after Apple invested $1B

The number one ride-hailing service in China Didi Chuxing has just bought Uber's operations within the country, Bloomberg reports. The buyout will give investors (which includes Apple) a 20% shareholding in Didi. Didi will buy Uber’s brand, business and data in the country, the Chinese company said in a statement. Didi will also invest $1B in Uber,...

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