UberChina
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Uber's app no longer works in China
Uber has parted ways with its Chinese subsidiary, which is going to prove problematic for tourists looking to hail a ride in the Middle Kingdom. As part of the deal that saw Uber China merge with Didi Chuxing, the global Uber app has been disentangled from its localized Chinese form. Instead, users will now need to download and install a dedicated Uber China app, but that's not the hardest part.
Uber China merges with rival Didi Chuxing
Uber has agreed to sell its Uber China arm to arch rival Didi Chuxing in exchange for a 20 percent stake in the merged operation, confirming reports from Bloomberg and others. The combined company is reportedly worth $35 billion, giving Uber a $7 billion share. "Uber and Didi Chuxing are investing billions of dollars in China and both companies have yet to turn a profit there," Uber CEO Travis Kalanick said in a leaked blog post.
