Uber's operations in China are one of its largest by the total number of rides. But in spite of the great potential for growth in a country with more than 1.3 billion people, the ride-hailing company is selling its China business to Didi Chuxing, a major rival there.
The deal will create a new company worth about $35 billion, and quiet the fierce battle for market share in China.
Here & Now co-host Jeremy Hobson speaks with Curt Nickisch of Harvard Business Review about the deal — and what it says about Uber.
This segment aired on August 1, 2016.