Re:China's Didi Raises Over $5.5B in Record Tech Funding
by nullnilvoid on Friday April 28, 2017 @08:13PM
(#14224201)
Didi is not Uber's competitor any more. Didi acquired Uber China, is an investor in Uber, and owns Uber shares. So does Uber in Didi. They don't compete directly in any major market at this moment.
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Re:China's Didi Raises Over $5.5B in Record Tech Funding
by tyingq on Friday April 28, 2017 @10:15PM
(#14224672)
They do compete by proxy, like in Brazil, where Didi invested $100m in "99".
Re:China's Didi Raises Over $5.5B in Record Tech Funding
by legolas2412 on Saturday April 29, 2017 @05:49AM
(#14225795)
I guess we can say that Didi owns everything then...
Re:China's Didi Raises Over $5.5B in Record Tech Funding
by antisthenes on Friday April 28, 2017 @08:21PM
(#14224235)
That actually makes perfect sense. Both of them realized they couldn't make any money without becoming a cartel and colluding.
Re:China's Didi Raises Over $5.5B in Record Tech Funding
by JumpCrisscross on Friday April 28, 2017 @09:20PM
(#14224450)
> they don't compete directly in any major market at this moment
Emphasis on "at this moment".
Re:China's Didi Raises Over $5.5B in Record Tech Funding
by netvarun on Friday April 28, 2017 @09:48PM
(#14224557)
Could you confirm/cite a source that didi owns shares in uber?
My understanding was that uber got ~20% of didi shares in exchange for ceding the Chinese market.
Re:China's Didi Raises Over $5.5B in Record Tech Funding
by nullnilvoid on Friday April 28, 2017 @11:52PM
(#14224944)
When Didi acquired Uber China, Didi also invested $1B in Uber and got some Uber shares in return. Here is the link to WSJ:
https://www.wsj.com/articles/china-s-didi-chuxing-to-acquire...