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China is investigating the Didi-Uber deal on antitrust grounds 

On Friday, the Chinese Commerce Ministry said it would be looking into the planned sale of Uber’s China business to ride-hailing company Didi Chuxing, according to the Wall Street Journal. The Commerce Ministry is concerned that the deal would give Didi a monopoly on the growing ride-hailing industry in the region.  In order to be … Continue reading “China is investigating the Didi-Uber deal on antitrust grounds “

On Friday, the Chinese Commerce Ministry said it would be looking into the planned sale of Uber’s China business to ride-hailing company Didi Chuxing, according to the Wall Street Journal. The Commerce Ministry is concerned that the deal would give Didi a monopoly on the growing ride-hailing industry in the region. 

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In order to be considered for an antitrust review in China, the report says, Uber China’s revenue would need to surpass $60 million annually. Officials from Didi say Uber China’s revenue doesn’t meet this metric. However, there may be a dispute over how Uber tracks its revenue. Even so, the investigation itself does not mean the deal won’t necessarily go through. 

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About the author

Ruth Reader is a writer for Fast Company. She covers the intersection of health and technology.

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