【eroticized synonymns】

Faced with massive losses in China,eroticized synonymns Uber is finally ready to take a backseat in the massive market, where it's been soundly beaten by domestic ride-hailing service Didi Chuxing.

As reported by Bloombergand confirmed later by other news outlets, Uber will merge its China business with Didi, creating an entity worth a combined $35 billion.

SEE ALSO: Uber's enemies unite: its top American rival teams up with its biggest China rival

While this may herald the end of Uber's direct efforts in China, the Bloombergreport noted that Uber will get 20 percent of the new combined entity. This gives it a healthy stake in the rapidly growing Chinese ride-hailing market, so it isn't all a loss for the U.S. firm.

---

You May Also Like

---

---

This Tweet is currently unavailable. It might be loading or has been removed.

The deal also includes Didi making a $1 billion investment into Uber at a $68 billion valuation. In May, Didi Chuxing was valued at $28 billion.

Mashable Trend Report Decode what’s viral, what’s next, and what it all means. Sign up for Mashable’s weekly Trend Report newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!

While it doesn't appear to exist on Uber CEO Travis Kalanick's social accounts, this alleged blog post started circulating on WeChat on Sunday:

Original image has been replaced. Credit: Mashable

The news has immediately led to speculation that Uber was now more likely to go public, since its money-losing efforts in China would no longer drag on its business.

This Tweet is currently unavailable. It might be loading or has been removed.

Uber has tried for the past two years to gain a foothold in China, where it's been burning through $1 billion a year trying to compete with Didi.

Didi itself is a merger from two powerhouse ride apps, Didi Dache and Kuaidi Dache, and has a killer 87 percent market share of private cars, and 99 percent of taxis. It also operates in over 400 Chinese cities, while Uber has struggled to expand beyond 60.

Original image has been replaced. Credit: Mashable

This news comes days after the Chinese government legalised ride-hailing in the country, giving legitimacy to apps like Didi and paving the way for more investor confidence.

• Digital Culture
• Entertainment
• Deals
• Games
• Social Good
• Life
• Shopping
• Tech

• Best Samsung Galaxy Watch Ultra deal: Save $200 at Best Buy
• Shania Twain's first album in 15 years gives us the song we all need right now
• Facebook vows to fight terrorism with new algorithms and artificial intelligence
• Reading the Instagram tea leaves in NBA free agency
• Best robot vacuum deal: Save $350 on the Eufy X10 Pro Omni
• London tower residents repeatedly blogged about fire safety — but were ignored
• North Korea's 'Hidden Cobra' is wreaking havoc across the globe
• Live out your true aquatic destiny at this mermaid cafe
• Then and Now: 5 Generations of GeForce Graphics Compared
• Over 10,000 people descended on a glass bridge because admission was free

• Trump inauguration acts announced, because, well, somebody had to do it
• Nintendo Switch's battery life may disappoint you
• Vin Diesel does a Kevin Spacey in India, grooves to 'Lungi Dance'
• 'Fargo' returns in April with iPhones and Ewan McGregor
• Madonna tweets her support for the Women's March in the most Madonna way possible
• On this Friday the 13th, Flight 666 made a safe landing in HEL
• Brilliant, bold, bisexual, boss: the author of 'Goodnight Moon' was before her time
• Security experts mock website of Trump's cyber czar
• The San Diego, er, Los Angeles Chargers epitomize the rotten scam that is pro sports
• Perfect response to anyone who thinks childcare work is just 'wiping noses' goes viral

• CES 2025: The best smart glasses
• A car park space in Hong Kong just sold for the low low price of $664,260
• Amazon's magic Dash Wand uses Alexa to keep you buying everything
• Shocking report claims fake news is remarkably cheap to produce
• Brest vs. PSG 2025 livestream: Watch Champions League for free
• RuPaul just tweeted some important advice about Adobe Flash updates
• Facebook vows to fight terrorism with new algorithms and artificial intelligence
• Muslims can find the Qibla on their smartphones with Google's new app
• Amazon Kindle Paperwhite Kids: $139.99 at Amazon
• After railway deaths, Sri Lanka will start arresting people taking selfies on train tracks

• Texas vs. Arizona State football livestreams: kickoff time, streaming deals, and more
• Wireless charging is finally coming to the iPhone—or so says one manufacturer
• Jeff Bezos wants your philanthropy ideas
• Over 10,000 people descended on a glass bridge because admission was free
• Best smart scale deal: Save over $25 on Renpho Smart Scale
• Say goodbye to those fake likes: Huge click farm discovered in Thailand
• Wonder Woman fans are eager to replicate that stylish sword
• Rapper turns Ed Sheeran's 'Shape of You' into a beautiful Pride anthem
• Report: Match Group dating apps conceal assault cases
• You have questions about mysteries of the 'Cars' universe. So does the cast.