12/21/2017: Didi funding dials up the heat in Uber rivalry
(Global Edition) From the BBC World Service… Uber’s China rival, Didi raised more than $4 billion in its latest funding round – which may give the ride-hailing company the cash injection it needs to more aggressively expand in overseas markets. Then, months after Toys R Us filed for bankruptcy protection in the U.S., its U.K. company is teetering on the brink of collapse. We’ll explain how a rescue plan seal of approval from the state-backed Pension Protection Fund could save stores and thousands of jobs. Afterwards, a trip to Taiwan where tea makers there are working to revive the industry.
(Global Edition) From the BBC World Service… Uber’s China rival, Didi raised more than $4 billion in its latest funding round – which may give the ride-hailing company the cash injection it needs to more aggressively expand in overseas markets. Then, months after Toys R Us filed for bankruptcy protection in the U.S., its U.K. company is teetering on the brink of collapse. We’ll explain how a rescue plan seal of approval from the state-backed Pension Protection Fund could save stores and thousands of jobs. Afterwards, a trip to Taiwan where tea makers there are working to revive the industry.
