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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 directl
by nullnilvoid 9y ago
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.
- antisthenes 9y agoThat actually makes perfect sense. Both of them realized they couldn't make any money without becoming a cartel and colluding.
- deleted 9y ago[deleted]
- JumpCrisscross 9y ago> they don't compete directly in any major market at this moment Emphasis on "at this moment".
- netvarun 9y agoCould 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.
- nullnilvoid 9y agoWhen 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-rival-uber-s-chinese-operations-1470024403 https://www.wsj.com/articles/china-s-didi-chuxing-to-acquire...
- Animats 9y agoHm. When Uber runs out of cash next year, is Didi the likely buyer?
- tyingq 9y agoThey do compete by proxy, like in Brazil, where Didi invested $100m in "99".
- legolas2412 9y agoI guess we can say that Didi owns everything then...