Caixin
Aug 17, 2016 07:22 PM

Didi and Uber Yet to Apply for Govt. Approval for Merger

(Beijing) – The Ministry of Commerce said it is still waiting for online car-hailing giants Didi and Uber to apply for permission for their US$ 35 billion merger announced earlier this month.

The commerce ministry, one of the country's anti-trust regulators, said the two sides "cannot proceed unless they apply for permission," on August 2, a day after Didi Chuxing Technology Co. announced plans to tie up with Uber Technologies Inc.'s China.

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