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Chinese ride-hailing firm Didi Chuxing to acquire Uber’s local business

Monday, August 1, 2016 | More »

Uber Technologies Inc., the ride-sharing company with a reputation of slugging it out with rivals and regulators to capture market share, is giving up in China after agreeing to sell its local business to homegrown firm Didi Chuxing. The deal will end the most watched rivalry in the global cab-haili...