Didi-Uber Merger: China Antitrust Regulators Investigating Deal
September 3, 2016
When Didi Chuxing and Uber announced a $35 billion merger deal on Aug. 1, it came as a relief to both the companies that, in competing with each other, were losing money at a breakneck speed in the lucrative ride-hailing business in the world’s second-largest economy and the most populous country. But a month later, in a surprise move, officials from China’s commerce ministry said they are looking into the deal to see if it violates antitrust laws.