Chinese regulators dig into Uber-Didi deal
Chinese regulators have begun an investigation into the landmark merger of Didi Chuxing and Uber Technologies Inc.’s domestic business.
The Ministry of Commerce has met twice with Didi executives after the deal was announced in August, requesting documents and other supporting material, ministry spokesman Shen Danyang told reporters Friday. The Ministry of Commerce’s Anti-monopoly Bureau is the primary body for assessing the antitrust impact of deals but other national bodies can get involved.
Recent technology-industry mergers have passed without incident: Meituan and Dianping were able to combine in group buying and food, while Ganji.com and 58.com Inc. got together in the classified ads business.
Read original article