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CNBC

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.
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China's Didi Chuxing to acquire Uber's Chinese operations: WSJ

The payment confirmation page is displayed on the Didi Chuxing application in this arranged photograph taken in Shanghai. Photo: Ilai Shen/Bloomberg/Getty Images

Tech

Big Tech

Bloomberg pegs the valuation of the combined entity at US$35 billion


Didi Chuxing

Uber

Articles imported from external feeds - eg Associated Press


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