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Uber's Chinese Rival Acquiring Company's China Operations

Uber Technology Ltd. is turning over its China operation to its main local competitor in a deal that links the former rivals following a costly battle to attract riders. The announcement Monday marks the latest surrender by a foreign technology brand in the face of intense competition in China. Yahoo, eBay and others also have turned over local operations to Chinese partners or withdrawn. Didi Chuxing said it would take over Uber China and operate it as a separate brand. In exchange,...

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