www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Auto China

Didi Chuxing confirms merger with Uber China

By Meng Jing and Liu Zheng (chinadaily.com.cn) Updated: 2016-08-01 17:10

Didi Chuxing confirms merger with Uber China

A model for an auto show in Taiyuan, Shanxi province, uses the Didi Chuxing car-hailing service to commute from her college to the auto show. [Photo/China Daily]

Didi Chuxing confirmed on Monday that it will merge with Uber China's business, putting an end to the two companies' cash-burning fight over the dominance of China's ride-hailing market.

Didi said in a statement that it has agreed to acquire Uber's operation in China in a deal that gives Uber a 5.89 percent stake in Didi. Didi will also gain a small stake in Uber's global business, valued at $68 billion.

Didi Chuxing confirms merger with Uber China

A Chinese mobile phone user uses the taxi-hailing and car-service app Didi Chuxing on his smartphone in Jinan city, East China's Shandong province, Feb 22, 2015.[Photo/IC]

"The two sides will operate cross shareholding and become minority shareholders for each other," the statement from Didi said.

According to the statement, Uber global's 5.89 percent of Didi's shares will equal 17.7 percent of the economic rights. The other Chinese shareholders in Uber China will achieve 2.4 percent of the economic rights.

Didi Chuxing has become the only enterprise in the country that received investments from China's three major internet companies -- Baidu Inc, Tencent Holdings Ltd and Alibaba Group Holding Ltd, known as BAT.

Didi Chuxing confirms merger with Uber China

Travis Kalanick, CEO of Uber, speaks at the Annual Meeting of the New Champions 2016 during the World Economic Forum 2016 Summer Davos in Tianjin, June 26, 2016.[Photo/IC]

"Cheng Wei, founder and president of Didi Chuxing and Travis Kalanick, chief executive officer of Uber, will simultaneously join their counterpart company's board of directors," the statement said.

Western media reported that investors behind the two companies have been pushing them to end the fight in China as both of them have spent a lot to gain loyalty from users.

Didi Chuxing confirms merger with Uber China

A Chinese mobile phone user uses the taxi-hailing and car-service app Didi Chuxing on his smartphone in Jinan city, East China's Shandong province, Feb 22, 2015.[Photo/IC]

"Uber and Didi Chuxing are investing billions of dollars in China and both companies have yet to turn a profit there," Travis Kalanick, chief executive officer of Uber, wrote in a blog post obtained by China Daily today.

"Getting to profitability is the only way to build a sustainable business that can best serve Chinese riders, drivers and cities over the long term," he said in post to announce the company's intention to merge Uber China with Didi.

Last week, a long-awaited regulation giving legal status to online car-hailing services in China was approved and released by the nation's State Council.

Aimed at regulating the taxi market and car-hailing services in China, the regulation requires car-hailing platforms, such as Didi Chuxing and Uber Technologies, to review the qualifications of drivers and their cars to guarantee safe rides.

Last February, Didi Dache and Kuaidi Dache, the precursors of the Didi Chuxing, jointly announced their strategic merger, becoming one of the largest vendors in the market.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美在线一级片 | 国产美女作爱 | 日日碰日日操 | 国产大陆精品另类xxxx | 久草在线免费色站 | 美女黄网站 | 中国一级毛片视频 | 美女福利视频国产 | 欧美精品午夜久久久伊人 | 精品在线99 | 欧美日韩一区二区综合在线视频 | 白嫩美女一级毛片免费看 | 成人综合在线视频免费观看 | 欧美成人第一页 | 草久在线观看视频 | 成人国产在线观看 | 免费在线亚洲 | 真人一级一级特黄高清毛片 | 久草欧美视频 | 免费国产一区二区在免费观看 | 国产黄网站 | 草草在线免费视频 | 87精品福利视频在线观看 | 久久精品国产半推半就 | 一级做a爱过程免费视频麻豆 | 亚洲一区二区三区久久精品 | 另类在线| 欧美中文字幕 | 美国亚洲成年毛片 | 一级待一黄aaa大片在线还看 | 黄色福利小视频 | 成年人午夜网站 | 国产精品综合一区二区三区 | 4tube高清性欧美 | 精品一久久香蕉国产二月 | bt天堂国产亚洲欧美在线 | 免费高清欧美一区二区视频 | 久久久久久久久久久96av | 一级毛片真人免费播放视频 | 中文字幕免费观看 | 免费一区二区三区在线视频 |