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Financials

Ride-hailing firm Didi to buy Uber's China business - official microblog

BEIJING, Aug 1 (Reuters) - Didi Chuxing will buy Uber’s China business, the Chinese ride-hailing company said on its official microblog on Monday.

Uber will continue to operate independently in China, and Uber’s global business will receive a 5.89 percent stake in Didi as part of the deal, the company said. (Reporting by Beijing monitoring team and Jake Spring; Editing by Ian Geoghegan)

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