Where does Uber’s $35 billion deal with Didi leave Lyft?

Uber used to have a big problem in China: it was hemorrhaging money — some reports put it at $1 billion a year — in its fierce battle with Didi Chuxing over the fastest growing ride-hail market in the world. This was good news for Lyft, Uber’s biggest competitor in the US, because the more Uber was focused on China, the less it could afford to worry about things here at home. But now Uber has solved its problem in China by allowing its operations there to be merged with Didi. A