Uber China

Uber and Lyft's head-to-head battle pits two of the most valuable startups in the planet against each other. Making the situation more interesting is the fact that the two companies offer nearly identical services and are both betting their future on autonomous driving. Uber, valued at $68 billion...

Uber, the popular car ride sharing platform, lost $1.2 billion in the first half of 2016. The company's woes mostly stem from its international operations; it has lost billions of dollars in China alone since it tried to crack the market. Uber did strike a deal to sell its Chinese unit to...

The ramifications of Uber's agreement to sell its Chinese business to rival Didi Chuxing could change the entire landscape of the "sharing economy." That is, if the deal ends up happening in the first place. According to Reuters, China's commerce ministry (Mofcom), could stand in the way of Uber's...

Didi Chuxing, China's state operated taxi hailing service and rival to Uber, announced on Monday a move which effectively ends the rivalry between the two competing firms. The agreement was speculated by various media sources earlier in the day but Fortune's Erin Griffith tweeted what...

China-based Didi Chuxing is eyeing an IPO for 2018, according to Reuters. Didi Chuxing is Uber Technologies' main competitor in China and offers a similar service. The company, formally known as Didi Kuaidi was formed lasted year following the merger of two companies separately backed by Alibaba...

Apple Inc. (NASDAQ: AAPL)'s CEO Tim Cook recently said during the company's post-earnings conference call that the Chinese economy may be in better shape than how people perceive it to be. "I see China as may not have the wind at our backs that we once did but it's a lot more...