ALSO READ: Uber backers push for Didi Chuxing deal in ChinaA truce or an agreement between Uber and Didi is far from being signed, the report cautioned. Both Uber and Didi are bleeding hundreds of millions of dollars every year in order to increase their market share in China. ALSO READ: Uber’s bid for peace with Didi has ramifications for IndiaThe other possibility—of a truce in India—potentially spells bad news for drivers and customers. Ltd) and Uber India had started charging drivers Rs.300 per week, as they attempt to prevent drivers from using other platforms. Didi is a clear market leader and investors in Uber are concerned about the growing losses in China, according to Bloomberg.

Source: Mint July 21, 2016 19:25 UTC