Following Apple’s $1B investment in Didi Chuxing, company buys out UberChina

[HCK]

Following Apple’s $1B investment in Didi Chuxing, company buys out UberChina

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<p>Didi Chuxing, the market-leading ride-hailing service in China, has bought out Uber’s operations in the country, reports <a href="http://www.bloomberg.com/news/articles/2016-08-01/uber-said-to-merge-china-business-with-didi-in-35-billion-deal" target="_blank">Bloomberg[/url]. The deal gives Uber and its investors a total 20% shareholding in Didi.</p>

<p class="p1"><span class="s1">Didi will buy Uber’s brand, business and data in the country, the Chinese company said in a statement. </span></p>

<p>The <a href="http://www.wsj.com/articles/china-s-didi-chuxing-to-acquire-rival-uber-s-chinese-operations-1470024403" target="_blank">WSJ[/url] notes that Didi will also invest $1B in Uber as part of the deal, the same amount Apple invested in Didi <a href="http://9to5mac.com/2016/05/12/apple-invests-1-billion-in-chinese-uber-competitor-didi-chuxing/" target="_blank">back in May[/url] …</p>
<p> <a href="http://9to5mac.com/2016/08/01/didi-chuxing-uber-china-apple/#more-440761" class="more-link">more…[/url]</p>
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Source: Following Apple’s $1B investment in Didi Chuxing, company buys out UberChina