Update: Ride-hailing firm Didi to buy Uber's China business: official microblog
Published Mon, Aug 1, 2016 · 09:05 AM
[BEIJING] Didi Chuxing will buy Uber's China business, the Chinese ride-hailing company said on its official microblog on Monday.
Uber will continue to operate independently in China, and Uber's global business will receive a 5.89 per cent stake in Didi as part of the deal, the company said.
REUTERS
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