Chinese ride-hailing service Didi Chuxing has confirmed its acquisition of Uber's business in China.
Didi says Uber will still retain a nearly 6-percent stake in the newly-merged entity.
Details of the sale have not been laid out, but its being reported the combined operation is going to be worth an estimated 35-billion US dollars.
As part of the agreement, Uber will maintain its branding, app and business operations.
Uber has been unsuccessfully trying to gain market share in China for the past 2-years, but had been hemoraging around 1-billion dollars a year in its attempt to gain more market access.
For more on the new deal, CRI's Fei Fei spoke earlier with CRI business analyst Einar Tangen.
相似词语辨析【87】infectious,contagious
英语讲义【170】有「头」的惯用语
相似词语辨析【74】hand in hand,hand to hand
相似词语辨析【84】human,humane
相似词语辨析【66】entrance的两种不同意思
相似词语辨析【80】He has been ill for ten days.
相似词语辨析【99】listen to,listen for
相似词语辨析【81】hire,rent
相似词语辨析【82】hope,expect
相似词语辨析【57】due to和owing to
相似词语辨析【110】notable,noted
相似词语辨析【106】neither,either
相似词语辨析【71】first,firstly
相似词语辨析【100】little,small
英语讲义【169】涉及时间的惯用语
英语讲义【172】一字不同,意义有别
相似词语辨析【61】eligible和illegible
相似词语辨析【56】distinct和distinctive
相似词语辨析【91】instructive,instructional
相似词语辨析【97】lend,loan
相似词语辨析【95】later,latter
相似词语辨析【60】eatable和edible
相似词语辨析【90】into,in to
相似词语辨析【103】momentary,momentous
相似词语辨析【46】dare(普通动词)和dare(情态动词)
相似词语辨析【101】loaded,laden
相似词语辨析【93】join,join in,join to
相似词语辨析【78】have been in/on和have gone to
相似词语辨析【67】exceptionable,exceptional
相似词语辨析【92】invaluable,valueless
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