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Uber offered to invest in Didi in 2013

According to a Bloomberg profile of the Chinese ride-hailing company, Uber CEO Travis Kalanick wanted 40% of the company in exchange for the investment. “Why would I take it?” Cheng Wei, Didi’s founder and chief executive officer, told the publication. In August, Uber agreed to sell its China business to Didi.

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According to a Bloomberg profile of the Chinese ride-hailing company, Uber CEO Travis Kalanick wanted 40% of the company in exchange for the investment. “Why would I take it?” Cheng Wei, Didi’s founder and chief executive officer, told the publication. In August, Uber agreed to sell its China business to Didi.

About the author

Sarah Kessler is a senior writer at Fast Company, where she writes about the on-demand/gig/sharing "economies" and the future of work.

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