Uber’s Chinese rival acquiring company’s China operations

BEIJING — Uber Technology Ltd.’s main Chinese rival said Monday it is acquiring the U.S. ride-hailing service’s China operation in a deal that links the companies following a costly battle to attract riders.
Didi Chuxing’s announcement marked the latest surrender by a foreign technology brand in the face of intense competition in China. Yahoo, eBay and others also have turned over local operations to Chinese partners or withdrawn.
Didi Chuxing said it would take over all