Uber sells China unit to local rival Didi Chuxing

Landmark deal will end the fierce and costly battle between the two rival ride-hailing groups for market share in China.
August 02, 2016

Global ride-hailing company Uber Technologies has agreed to sell its China business to Didi Chunxing, China’s dominant homegrown player, in a deal that will end the fierce and costly battle between the two companies for market share in China.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Didi Chuxing: a bumpy ride after Uber deal

China's homegrown ride-hailing app appeared to have pulled off a coup when it bought Uber's business in the country. Since that deal, its troubles have only mounted.
January 16, 2017

Self-driving cars bring talent back to China

Some of the brightest Chinese talents in the booming AI sector are returning home to a country poised to become the world's largest market for autonomous vehicles. Investors are taking note.
November 05, 2017

How DiDi’s Jean Liu sees the future of ride-hailing

The president of the world’s largest ride-hailing company talks to FinanceAsia about international expansion, the safety record of robo-taxis and why DiDi should not be valued like Uber or Lyft.
December 17, 2019