Uber sells its China business to big local rival

http://baltimorecheckbook.tumblr.com/post/148292521992/uber-sells-its-china-business-to-big-local-rival#_=_

Uber has a new strategy in China: If you can’t beat them, join them. Uber is selling its China operations to rival Didi Chuxing, a landmark deal that ends the ride-hailing company’s quest to dominate one of the world’s largest markets.



from http://www.wbaltv.com/money/uber-to-merge-its-china-business-with-didi-chuxing/40975750