China Opens Antitrust Investigation Into Apple Backed Didi Chuxing S Acquisition Of Uber China
The WSJ reports that China has opened an antitrust investigation into the acquisition of Uber China by local rival Didi Chuxing. The deal went ahead a few months after Apple invested $1B in Didi Chuxing. The Chinese government has requested details of the deal, together with an explanation for why Didi Chuxing failed to apply for an antitrust review before proceeding. The company had earlier said that it did not believe Uber China’s revenue was high enough to require this....