Didi Chuxing and Uber are set to merge in a deal valued at US$35 billion in order to curb Uber’s searing losses in China
Tag: Travis Kalanick
Didi Kuaidi says the claim that the company is in worse financial shape than Uber China is “outright untrue”.
China Minsheng Bank, China Vanke Group Co. and China Broadband Capital, have been announced as several investors in Uber China’s latest USD 2 billion Series B fundraising round.
Uber CEO Travis Kalanick has played down the significance of Didi’s new investment in U.S. rival Lyft. AllChinaTech suggests four strong reasons he ought to take note.
The latest in a series of moves by Uber to placate the Chinese authorities sees Uber sending out a message of support to local Chinese residents in Seattle.