All you wanted to know about the fate of Didi-Uber deal
By Meng Jing | China Daily | Updated: 2016-08-08 07:56
Last week's truce - merger, if you will - between rival discount cab ride apps Didi Chuxing and Uber China followed years of fierce competition. Here is the low-down on the proposed deal.
How will the revenue and voting rights be split in the combined Didi-Uber entity?
Uber Global will receive a 5.89 percent stake in the combined company along with "preferred equity interest", which is equal to a 17.7 percent stake. Uber China's investors, including Baidu Inc, will receive a 2.3 percent stake in the merged entity. Didi founder Cheng Wei and Uber Chief Executive Officer Travis Kalanick will join each other's boards.
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