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Update: Ride-hailing firm Didi to buy Uber's China business: official microblog

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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

    Uber

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