2024-05-02T04:03:48-04:00 https://archinect.com/news/article/149972550/the-story-behind-didi-china-s-uber-slayer Amelia Taylor-Hochberg 2016-10-06T18:41:00-04:00 >2016-10-10T23:03:27-04:00 <img src="https://archinect.gumlet.io/uploads/a8/a8c5852840a81d2b81b394f59b6ee2cc?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>In August, after a multibillion-dollar, year-and-a-half-long battle, Uber agreed to sell its business in China and depart the country. It was a face-saving retreat for Uber, which got a 17.7 percent ownership stake in Didi and $1 billion in cash. [...] Investors recently valued Didi at $35&nbsp;billion, making it one of the most valuable private companies in the world. Uber, with operations in almost 500&nbsp;cities on six continents, is worth $68&nbsp;billion.</p></em><br /><br /><p>More stories from the Uber-verse:</p><ul><li><a title='The view from inside a self-driving Uber: "the technology is not quite ready"' href="http://archinect.com/news/article/149968712/the-view-from-inside-a-self-driving-uber-the-technology-is-not-quite-ready" rel="nofollow" target="_blank">The view from inside a self-driving Uber: "the technology is not quite ready"</a></li><li><a title="Uber and the future of on-demand public transit" href="http://archinect.com/news/article/149966342/uber-and-the-future-of-on-demand-public-transit" rel="nofollow" target="_blank">Uber and the future of on-demand public transit</a></li><li><a title="Google, Uber, Lyft, Ford and Volvo join forces to lobby for autonomous vehicles" href="http://archinect.com/news/article/149942771/google-uber-lyft-ford-and-volvo-join-forces-to-lobby-for-autonomous-vehicles" rel="nofollow" target="_blank">Google, Uber, Lyft, Ford and Volvo join forces to lobby for autonomous vehicles</a></li><li><a title="Women-only Uber alternatives face pushback from antidiscrimination laws" href="http://archinect.com/news/article/149937269/women-only-uber-alternatives-face-pushback-from-antidiscrimination-laws" rel="nofollow" target="_blank">Women-only Uber alternatives face pushback from antidiscrimination laws</a></li><li><a title="Paris erupts in riot as taxi drivers protest Uber" href="http://archinect.com/news/article/130426595/paris-erupts-in-riot-as-taxi-drivers-protest-uber" rel="nofollow" target="_blank">Paris erupts in riot as taxi drivers protest Uber</a></li></ul>