Chinese regulators open inquiry into Didi-Uber deal
Chinese regulators have begun an investigation into the merger of ride-hailing companies Didi Chuxing and Uber's domestic business in a deal announced in August that would value Didi at $35 billion. The regulators are investigating the deal in accordance with the law, to safeguard fair competition and consumers’ interests. The deal would give Didi 90% control of China's ride-hailing market.