Didi Chuxing buy UBER divide in China
Didi Chuxing is a Chinese company specialized in transporting people, Apple investing $ 1 billion in it earlier this year, Tim Cook stating that the decision to make this investment giving Apple the opportunity to learn more about this market segment.
Didi Chuxing is by far the largest company of its kind in China and is a direct competitor of UBER locally, so he decided to purchase the local division of the American company, that although its market share was lower than his own, but so will have a monopoly on a market with enormous potential.
Didi Chuxing will pay 35 billion dollars to buy the division Chinese UBER, so we’re talking about a huge amount of money that people from UBER will collect that will help them expand their business in many more areas the world, but to improve on that in the current zone.
Although Didi Chuxing and UBER have invested billions upon billions of dollars in China, none of the companies have not obtained until now profit from the business which it carries out in the country, but those from Didi Chuxing hope that this investment will help her and earn money from businesses they perform, so it will be interesting to see what will happen.
The valuation of the combined ride-hailing company is $35 billion, the people said. Investors in Uber China, an entity owned by San Francisco-based Uber, Baidu Inc. and others, will receive a 20 percent stake in the combined company, the people said. Uber will continue to operate its own app in China for now. Didi is making a $1 billion investment in Uber at a $68 billion valuation, people familiar with the matter said.
Separated by acquiring the Chinese to UBER company Didi Chuxing will invest $ 1 billion in the parent company at a value of 68 billion dollars set for it, so there is a chance that future investments much more to be done in UBER of the Chinese.