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Lyft Didi Uber china partnership

Meanwhile, Kalanick can work with Didi to make sure his company’s equity stake in China gains value and turn his attention to other efforts, like winning in food delivery and investing in logistics, said Hans Tung, a managing partner at venture firm and Didi backer GGV Capital. “I think it’s a shrewd move by Travis […]

Meanwhile, Kalanick can work with Didi to make sure his company’s equity stake in China gains value and turn his attention to other efforts, like winning in food delivery and investing in logistics, said Hans Tung, a managing partner at venture firm and Didi backer GGV Capital.

“I think it’s a shrewd move by Travis to do this,” Tung said, in an interview on CNBC. “If there are bigger markets for Uber to fight, why spend so much money to fight the incumbent category leader Didi in China? It doesn’t make much strategic sense.”

Source: Lyft Didi Uber china partnership

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