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Letter sent on Jul 31, 2016

Bits & Pixels — TL:DR Edition X / 07312016 Uber quits China

Didi and Uber Merge

While history tells us never to start a land war in Russia, business schools might soon be telling us not to expand to China unless you are Apple.

  • According to multiple sources Uber will be merging with competitor Didi Chuxing, the dominant ride-hailing app in China. In return Didi will make a $1 billion dollar investment in Uber global. The deal is similar to the Yahoo / Alibaba deal.
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