After Apple’s $1 billion investment in May, Chinese ride-sharing service Didi Chuxing has announced plans to buy Uber’s operations in China, Bloomberg reports. The deal will see Didi absorb Uber’s brand, business operations and stored data in the country, with Uber receiving a 20-percent stake in the combined company. Didi founder Cheng Wei and Uber CEO Travis Kalanick will also join each other’s boards.
