Tag: Uber China

Insurance Company China Life Backs Both Didi Chuxing And Uber China

Uber continues to face stiff competition from Didi Chuxing, a different ride-hailing competitor active in the area. China Life, which backed Uber China a few months ago, has invested US$600m into Didi Chuxing last weekend, showing they are not willing to put all of their eggs in the Uber basket just yet. Investors Keep Tabs On All Ride-hailing Competitors It is interesting to note how major investors are betting on …
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