Chinese regulators have begun an investigation into the landmark merger of Didi Chuxing and Uber Technologies Inc.’s domestic business, initiating scrutiny of a deal that would create a $35 billion entity with overwhelming control of the ride-sharing arena.
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 government is also seeking a deeper understanding of the ride-sharing sector, he said.
