NEW YORK: Lyft may be wise to look for alternatives to fighting wars with Uber and Didi Chuxing.
The US$5.5bil (RM22.22bil) ride-hailing app has hired Frank Quattrone's Qatalyst Partners. With its larger rivals raising and burning billions in an attempt to gain control of markets like China, settling for a profitable exit of some kind could be a way for Lyft to avoid capital destruction.
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