The transportation war has become increasingly brutal in China, with Uber playing catch up since its launch in 2013.The San Francisco-based taxi-hailing company is burning $1 billion to compete against its number one rival DidiChuxing (formerly DidiKuaidi).To put that value into perspective, $1 billion is approximately how much Uber earned per year in its top 30 cities around the world.Didi, heavily armed with financing from local tech giants like Alibaba Group Holding Ltd. and Tencent Holdings Ltd., is dominating the market. DidiChuxing raised about $2 billion in its latest round of funding, Bloomberg News reported.
The Milwaukee Brewers have fired manager Ron Roenicke on Sunday. Craig Counsell will be the new manager.
09 Aug '24 16:35PM
