Uber takes a page from Yahoo by cutting its losses in China
August 01, 2016 at 17:03 PM EDT
“If you can’t beat ’em, join ’em” seems to be the theory behind Uber Technologies Inc.’s mega-deal to merge its unprofitable Chinese operations with its Chinese rival, Didi Chuxing, in yet another admission of failure in China by a U.S. tech company.