Deals
That's Awkward: Uber's 2016 China Sale Still Waiting on Approval
- China’s antitrust watchdog never greenlit Didi-Uber deal
- Uber says rulings could alter its business, increase costs
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Almost three years on, Uber is still waiting to sell out in China.
The landmark deal that sealed Uber Technologies Inc.’s retreat from China, in which it agreed to fold its business into local ride-hailing leader Didi Chuxing in exchange for a stake in the other company, was never approved by China’s State Administration for Market Regulation, according to the U.S. company’s initial public offering filing.