The company was burning through more than $1 billion a year there in a price war with Didi. Uber investors push the company to call a truce with Chinese market leader Didi Uber and Didi are bleeding cash in China as they fight for dominance in the world’s most populous country.Uber has said that it is spending at least $1 billion a year. Uber declined to comment.In addition, Didi will invest $1 billion in San Francisco-based Uber , which operates globally outside China, the source said.Didi last year invested $100 million in Lyft , Uber's main rival in the U.S. Snapdeal app to now let you book Uber Online marketplace Snapdeal on Thursday launched an in-app integration with Uber that will enable Snapdeal customers directly book a cab. It has also formed an alliance with Lyft , India's ride service Ola and Southeast Asia 's ride-hailing startup Grab in an effort to compete with Uber's global dominance.But China has been a challenging market for Uber.

Source: Times of India August 01, 2016 08:15 UTC