, Columnist
Uber Peace. It's a Global Thing
A truce would stem losses in China but could have other unintended benefits.
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It seems like Uber's investors want to bring a halt to the massive Chinese cash giveaway that's creating jobs for unemployed steel and coal workers, but not making much money for shareholders.
Several institutional fund managers are pushing the U.S. ride-hailing giant to make peace with China's Didi Chuxing, which is eating its lunch in the local market, Bloomberg News reports.