Ron Burgundy Posted August 2, 2016 Share Posted August 2, 2016 A merger between Chinese ride-hailing firm Didi Chuxing and the China unit of U.S. rival Uber could face its first hiccup after China's commerce ministry (Mofcom) said on Tuesday it had not received a necessary application to allow the deal to go ahead. Didi's acquisition of Uber's China operations, announced on Monday, will create a roughly $35 billion ride-hailing giant and could raise monopoly concerns as Didi claims an 87 percent market share in China. View the full article Quote Link to comment Share on other sites More sharing options...
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