Uber taxi service sells its stake in Chinese company Didi and plans to get rid of all non-strategic assets
Uber finally exits the Chinese market / Photo: Collage: Today
Uber is selling its stake in Chinese rival Didi. The reason was the non-transparent PRC market.
This was reported by the Reuters news agency.
According to the head of the company Dar Khosrowshahi, Uber wants to get rid of all those shares in assets that are not strategically important.
“They are a competitor, and China is a rather difficult market with very low transparency,” Khosrowshahi said.
According to the agency, Uber owns 12.8% stake in Didi. The company itself left the Chinese market in 2016, unable to withstand the price struggle with Didi.
Then there was an exchange: Uber gave its business in the country to a Chinese competitor in exchange for Didi’s share.
Uber shares jumped after Dar Khosrowshahi’s announcement by 4.3% for Tuesday, December 14. The cost of one security was $ 37.26.
At the same time, Didi shares plummeted 53% of the original cost, amid problems with Chinese regulators.
Didi enters the Ukrainian market
Chinese taxi service Didi, which is a direct competitor to Uber, Uklon and Bolt, has registered its trademark in Ukraine.
This means that a new taxi service may soon enter the Ukrainian market.
This is not the first time Didi submits an application to Ukravtoprom. The first attempts to obtain permission were back in 2020.
“Today” also wrote that Uber closed one of its services in Kiev and reported that taxi prices could soar in Ukraine.
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Source From: Segodnya
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