Uber to sell China business to rival Didi Chuxing
Ride-hailing app Uber is reportedly selling its China business to rival Didi Chuxing. The valuation of the combined company will be around $35 billion with investors in Uber China receiving a 20% stake in the combined entity. Didi Chuxing is also making a $1 billion investment in Uber at a $68 billion valuation. 