Uber Technologies announced plans Monday to sell its business in China to rival ride-hailing service Didi Chuxing in a deal that values the merged Chinese company at $35 billion. U.S.-based Uber will receive a 17.7 percent economic stake in the combined company, according to a statement issued by Didi. Uber ... Read More »

Uber Technologies announced plans Monday to sell its business in China to rival ride-hailing service Didi Chuxing in a deal that values the merged Chinese company at $35 billion. U.S.-based Uber will receive a 17.7 percent economic stake in the combined company, according to a statement issued by Didi. Uber ... Read More »

The Chinese government issued nationwide ride-hailing regulations that will allow companies that include Uber and its Chinese counterpart Didi Chuxing to legally operate in the country. The new rules, which will take effect Nov. 1, require that companies and their drivers apply for and receive licenses through the government. The ... Read More »