Uber investors 'push for Didi truce' in China fight
By Bloomberg | China Daily | Updated: 2016-07-22 08:01
Rivals burn cash in their struggle formarket dominance as institutions apply pressure
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 broker a partnership agreement with China's market leader Didi Chuxing, according to people familiar with the matter, to stem the billions of dollars Uber is spending to expand in the region.
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