China Opens Antitrust Investigation of Didi-Uber Deal - News Summed Up

China Opens Antitrust Investigation of Didi-Uber Deal


BEIJING—China’s Ministry of Commerce said Friday it has opened an investigation into Didi Chuxing Technology Co.’s acquisition of Uber Technologies Inc.’s China business, after it received questions over whether the ride-hailing deal complied with the nation’s antitrust law. The commerce ministry’s antitrust unit has already held two meetings with Didi and requested information on the deal as well as the reason the company didn’t...


Source: Wall Street Journal September 02, 2016 05:37 UTC



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