Taiwan’s Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing. Indeed, the world’s largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion. So, with […]
Uber and Didi were caught up in a major price war in China, something that was hurting both companies as they fought for control of a major territory. However, Didi gave $1 billion to Uber […]
On August 1 Uber announced that it is selling its Chinese brand and operations to Didi Chuxing for $1 billion, its annual burn rate in that market, in exchange for a 20% stake in the local […]
Didi Chuxing, the dominant ride-hailing service in China, said it will acquire Uber Technologies Inc.’s operations in the country, ending a battle that cost the two companies billions as they competed for customers and drivers. […]
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