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All you wanted to know about the fate of Didi-Uber deal

By Meng Jing ( China Daily ) Updated: 2016-08-08 07:56:04

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.

All you wanted to know about the fate of Didi-Uber deal

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