The popular taxi service, Uber, sold its Chinese operation to rival, Didi Chuxing. The move brings an end to the long standing rift between the two. It soon followed with mixed reactions from investors & analysts. Here are four key reasons as to why Uber, China gave in to Didi chuxing.
Uber Stops Negative Cash Flow
Uber,China, had reportedly spent over $2 billion during the last two years to win the 20% of market share.