BEIJING: A merger between Chinese ride-hailing firm Didi Chuxing and the China unit of US rival Uber could face its first hiccup after China's commerce ministry (Mofcom) said on Aug 2 it had not received a necessary application to allow the deal to go ahead.
Didi's acquisition of Uber's China operations, announced on Aug 1, will create a roughly US$35bil (RM141.80bil) ride-hailing giant and could raise monopoly concerns as Didi claims an 87% market share in China. Uber China is the second largest player.
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