Didi Chuxing, the market-leading ride-hailing service in China, has bought out Uber’s operations in the country, reports Bloomberg. The deal gives Uber and its investors a total 20% shareholding in Didi.
Didi will buy Uber’s brand, business and data in the country, the Chinese company said in a statement.
The WSJ notes that Didi will also invest $1B in Uber as part of the deal, the same amount Apple invested in Didi back in May …
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