Uber Chinese operations acquired by Didi Chuxing

Q.  Which Chinese company has acquired Uber’s China operations in August 2016?
- Published on 02 Aug 16

a. Didi Chuxing
b. Didi Wuxing
c. Didi Muxing
d. None of the above

ANSWER: Didi Chuxing
 
Uber Technology’s main Chinese rival Didi Chuxing has acquired its China operations in a deal which sees the surrender of the foreign technology brand in the face of intense competition in China.
  • Other brands to turn over local operations to Chinese partners or withdraw include Yahoo and eBay.
  • Didi Chuxing indicated it would take over all of Uber in China and operate it as a distinct brand.
  • Uber will receive a stake in the Chinse company and the founders of both companies will join each other’s boards.
  • Didi was formed in 2015 following a merger of ride hailing services by Tencent and Alibaba Group.

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