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Didn't Uber get a significant chunk of Didi stock when it agreed to exit china? I have no idea how uber is doing overall abroad but china didn't appear to be a
by htormey 9y ago
Didn't Uber get a significant chunk of Didi stock when it agreed to exit china? I have no idea how uber is doing overall abroad but china didn't appear to be a total wash for them at least.
- alphast0rm 9y agoUber received a 17.5% stake in Didi as part of the deal [1], which is worth ~8.75B given their most recent raise at a ~50B valuation [2]. [1] https://www.bloomberg.com/news/articles/2017-04-28/china-s-didi-raises-over-5-5-billion-in-record-tech-funding https://www.bloomberg.com/news/articles/2017-04-28/china-s-d... [2] https://www.wsj.com/articles/didi-chinas-uber-raises-5-5-billion-in-latest-funding-round-1493379352 https://www.wsj.com/articles/didi-chinas-uber-raises-5-5-bil...
- htormey 9y agoNot that bad of an outcome really. I think Uber blew about $1 billion chasing after China.