Ober integrate its services in China with a local competitor Didi Chuxing

Aug

2

2016

Preparing passenger services firm Ober-Uber to announce the merger of its services in China Uber China with Chinese passenger services company Didi Chuxing, after the passage of the years the company to invest in the Chinese market with a small margin of profit and the domination of the Chinese company on the market.

And appreciates the new deal, the joint of the company resulting from the merger value of about $ 35 billion, you get Cooper company in return on investment and financing of one billion dollars.

He also said a new report published by Bloomberg newspaper to get investors in China Ober company a stake of 20 percent of the new Didi Chuxing company.

She stressed the Chinese Didi Chuxing services company to ride on the news of the merger with the Chinese upper services by publishing a Chinese-language blog post on the Chinese blogging site Weibo Weibo.

Travis Kalanik CEO of Ober also noted that the two companies are investing billions of dollars in China, and it is time for the two companies to reap profits there.

The move will allow the company to maintain the upper large amount of money and turn it to invest in other markets to accelerate its growth, and the company had previously indicated that they lose a billion dollars a year in China in its ongoing battle with Didi Chuxing company.

And moving upper currently to invest $ 500 million in developing its own mapping, and in order to reduce its dependence on Google Maps, as the company is also working to expand its UberEats and bring the application to the Australian and London after its launch a limited period in the United States.

The deal allows the company Ober, which was carrying the most valuable company emerging in the world, estimated currently valued at about $ 68 billion the title, having a share of around 20 percent of Didi Chuxing company, is this share splitting with partner companies to Ober in China such as Baidu Baidu.

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