China’s Uber rival now owns a stake in every major ride-hailing company on Earth — Quartz

Uber’s slogan was once “Uber Everywhere.” Now “Didi Everywhere” is just as fitting for its onetime rival. Didi Chuxing, Uber’s major competitor in China, just absorbed Uber’s China division in a deal that creates a single, dominant ride-hailing company valued at $35 billion. In exchange, Didi will invest $1 billion in Uber. That investment is…

via China’s Uber rival now owns a stake in every major ride-hailing company on Earth — Quartz