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Uber Backers Said to Push for Didi Truce in Costly China War – Bloomberg

Uber Technologies Inc. investors have a message for management: It’s time to wrap up the costly fight in China. Several institutional investors are pushing the ride-hailing company to ink a partnership agreement with China’s market leader Didi Chuxing, according to people familiar with the matter, stemming the billions of dollars Uber is spending to expand […]

Uber Technologies Inc. investors have a message for management: It’s time to wrap up the costly fight in China.

Several institutional investors are pushing the ride-hailing company to ink a partnership agreement with China’s market leader Didi Chuxing, according to people familiar with the matter, stemming the billions of dollars Uber is spending to expand in the region.

Source: Uber Backers Said to Push for Didi Truce in Costly China War – Bloomberg

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