Uber is reportedly merging with rival Didi Chuxing in China http://newzposts.com/uber-is-reportedly-merging-with-rival-didi-chuxing-in-china/
Chinese cab service Didi Chuxing is gearing up to merge with Uber’s operations in the country, reports Bloomberg. The homegrown cab company is investing $1 billion in Uber based on a $68 billion valuation; the combined value of the new entity will be about $35 billion. The report follows a new ruling in China
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