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August 24, 2016 China Regulator Says Didi, Uber Deal Will Need Mofcom Approval
A merger between Chinese ride-hailing firm Didi Chuxing and the China unit of US rival Uber could face its first hiccup after China’s commerce ministry (Mofcom) said on Tuesday it had not received a necessary application to allow the deal to go ahead. Didi’s acquisition of Uber’s China operations, announced on Monday, will create a […]
ALL DEALS August 24, 2016 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. […]
ALL DEALS August 24, 2016 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. […]
