China's Didi Chuxing to acquire Uber's Chinese operations: WSJ
Bloomberg pegs the valuation of the combined entity at US$35 billion
Chinese ride-hailing app Didi Chuxing will acquire rival Uber's China operations, The Wall Street Journal reported Monday, citing people familiar with the matter.
Didi, China's largest ride-hailing app, has been locked in a fierce battle with Uber for dominance in the world's second-largest economy. It counts technology giant Apple as a shareholder.
Uber and Didi Chuxing's Chinese businesses did not immediately respond to CNBC's requests for comment.