Earlier this month the ride-sharing world faced its first major shakeup when Uber announced that it would sell its China business to primary competitor Didi for an ownership stake of 18% in the combined China entity, valued at $35 billion, with Didi also buying a $1 billion stake in Uber. While some may focus on the terms of the deal, the crux is that Uber was in a no-win situation in… Read More
Source: TechCrunch