China’s crackdown on Didi may signal tougher curbs on tech

Jul 14, 2021
The Peterson Institute’s Martin Chorzempa believes the state wants greater control of information, but he doesn’t expect delisting from foreign exchanges.
A logo of Didi Chuxing in Hangzhou, China. The ride-hailing firm was forced to stop downloads of its app from stores shortly after going public on the New York Stock Exchange.
STR/AFP via Getty Images

Uber selling its Chinese business to rival Didi Chuxing

Aug 1, 2016
Didi Chuxing will acquire Uber's China-based operations in a nearly $35 billion deal.
A taxi passes by an Uber station outside a shopping mall in Beijing on Monday. Ride-sharing giant Uber is merging its China operations with local rival Didi Chuxing, reports say, ending a ferocious battle for market share in the world's second-largest economy.
STR/AFP/Getty Images

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.