Prior to this new fundraising round Uber took a 17.7% stake in Didi in exchange for handing it's China assets over to Didi, which was worth something like $6 bi

Prior to this new fundraising round Uber took a 17.7% stake in Didi in exchange for handing it's China assets over to Didi, which was worth something like $6 billion. So even though Uber lost in China, they actually kind of won, unless, I guess, they decide to start fighting again in some other market. https://www.bloomberg.com/features/2016-didi-cheng-wei/ https://www.bloomberg.com/features/2016-didi-cheng-wei/