An­titrust watch­dog in­ves­ti­gates Didi-Uber merger

China Daily (Canada) - - NEWS CAPSULE -

China’s an­titrust watch­dog says it is in­ves­ti­gat­ing whether the merger be­tween ride-hail­ing ser­vice providers Didi Chux­ing and the China unit of the USbased Uber Tech­nolo­gies Inc rep­re­sents a po­ten­tial mo­nop­oly.

A spokesman for the Min­istry of Com­merce said at a news con­fer­ence in Beijing that the two com­pa­nies com­pleted the merger deal on Aug 2 right af­ter they an­nounced their agree­ment to tie-up on Aug 1 with­out fil­ing any ap­pli­ca­tion to the min­istry in ad­vance. The an­titrust bu­reau of the min­istry has asked Didi to ex­plain why it did not do so.

The spokesman said the bu­reau has talked to re­lated gov­ern­ment or­ga­ni­za­tions and en­ter­prises to un­der­stand the mar­ket com­pe­ti­tion of the ride-hail­ing in­dus­try brought by the deal and will push the in­ves­ti­ga­tion for­ward to make sure the play­ing field is lev­eled and the in­ter­est of con­sumers is pro­tected.

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