Didi will make a USD 1 billion investment in Uber global at a USD 68 billion valuation, while Uber Chinas investors will own 20% of the merged Chinese company, which will be worth USD 35 billion.
Uber China is a joint venture between the main Uber business, Baidu, and other outside investors. Apple recently invested USD 1 billion in Didi Chuxing at a valuation that could have been USD 25 billion or higher.
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