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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 billion, making it one of the most valuable private companies in the world. Uber, with operations in almost 500 cities on six continents, is worth $68 billion.
— bloomberg.com
More stories from the Uber-verse:The view from inside a self-driving Uber: "the technology is not quite ready"Uber and the future of on-demand public transitGoogle, Uber, Lyft, Ford and Volvo join forces to lobby for autonomous vehiclesWomen-only Uber alternatives face pushback from... View full entry
