Didi Chuxing confirms buying Uber operations in China
China
Beijing - Arab Today
Chinese ride-sharing giant Didi Chuxing is to take over the China operations of its US rival Uber, it said in a statement Monday, ending a ferocious battle for market share that cost both firms billions.
In exchange for the Uber China assets, Uber and its Chinese partners will receive shares equivalent to 20 percent of Didi Chuxing, the statement said, with Didi CEO Cheng Wei saying the two "have learned a great deal from each other over the past two years in China’s burgeoning new economy".
- Wednesday ,12 December GMT 08:26 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:26 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West BankRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen links
GMT 20:20 2016 Thursday ,08 September
Daesh makes suicide threat facing US gravest since 9/11 attacks - paper
GMT 12:08 2017 Monday ,04 December
Gucci confirms tax evasion probe
GMT 17:41 2018 Thursday ,06 December
Israeli forces halt construction of school facility in Nablus
GMT 13:05 2018 Thursday ,13 September
Trump looking for personal profit by approving sanctions
GMT 11:53 2017 Thursday ,20 July
Unified family law issuance hailed
GMT 22:30 2011 Friday ,02 September
Pennetta shocks Sharapova at US Open
GMT 11:08 2016 Thursday ,17 November
Bahrain to participate in UN Climate Change Conference
GMT 13:38 2017 Monday ,06 March
Prepares to give stargazers an eyeful
GMT 09:23 2019 Monday ,19 August
Live an important and happy atmosphere
GMT 16:01 2018 Friday ,23 November
Indonesia may charge tourists 500 dollars to see rare Komodo dragonsGMT 12:46 2011 Wednesday ,10 August
Shortage of gold bars and coins hits Dubai
GMT 14:26 2017 Tuesday ,20 June
Blast kills policeman in Bahrain
GMT 03:21 2017 Saturday ,15 April
Woman killed in stampede in Ayodhya
GMT 08:22 2015 Wednesday ,01 July
Shanghai shares close down more than 5%
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor