Uber China Merges With Didi Chuxing As Part Of A 35 Billion Deal
Didi Chuxing is also expected to make an investment of $1 billion in Uber at a valuation of $68 billion. The deal comes close on the heels of Chinese government legalizing taxi-hailing services which are something that will give a huge leeway for Didi and Uber to expand its services in the country. It’s also worth noting that Didi has previously invested in a slew of ride-sharing services including Lyft, Ola, and Grab....