The fierce battle in China between ride-hailing leaders Uber and Didi Chuxing has ended.
Uber Technologies Inc. will merge its China operations with local Chinese ride hailing service, Didi Chuxing, both companies confirmed on Monday.
The combined company will be valued at $35 billion, media reports said on Monday.
Uber has lost more than $2 billion in China in a costly battle with Didi for market share in the country.
Uber will take a 5.89 per cent stake in Didi. Didi did not disclose the stake it will take in Uber.
You can read the rest @
http://thebricspost.com/chinese-ride-hailing-firm-didi-to-buy-uber-china/#.V5-H3oMrLIU
Does it not seem that the US has decreasing levels of success moving into foreign markets, while foreign companies have great success in the US market?
Globalism is a killer of nations. That was the whole idea.
Elect Hillary if you want more of this BS.
No comments:
Post a Comment