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India ride-hailing firm Ola sideswiped as Uber, Didi team up in China

Didi Chuxing's acquisition of Uber's China business reshapes the landscape in Asia's ride-hailing sector, and leaves India's Ola more vulnerable to attack by Uber

Reuters  |  New Delhi 

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Didi Chuxing's acquisition of Uber's China business last week reshapes the landscape in Asia's growing ride-hailing sector, and leaves India's Ola more vulnerable to attack by Uber in its $12 billion home market. Four months ago, Ola executives met with Didi hoping the Chinese firm would invest fresh capital to help it fight Uber Technologies Inc which, with its deeper pockets, has made rapid inroads into India. They were told Didi wanted first to sort out its own challenges in China, said a person with direct knowledge of Ola's plans. Didi and Uber have ...

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First Published: Tue, August 09 2016. 10:00 IST
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