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Uber To Sell Its China Operations To Ride-Hailing Rival Didi03:35
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A taxi driver uses the Didi Chuxing app while driving along a street in Guilin, in China's southern Guangxi region on May 13, 2016. (Greg Baker/AFP/Getty Images)
A taxi driver uses the Didi Chuxing app while driving along a street in Guilin, in China's southern Guangxi region on May 13, 2016. (Greg Baker/AFP/Getty Images)
This article is more than 4 years old.

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.

Read more via Harvard Business Review.

Guest

Curt Nickisch, senior editor at Harvard Business Review. He tweets @CurtNickisch.

This segment aired on August 1, 2016.

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