Didi, Uber yet to submit merger papers to ministry
Updated: 2016-08-02 15:05
By Zhong Nan and Jing Shuiyu(chinadaily. com.cn)
|
||||||||
Beijing-based Didi, the dominant ride-hailing service provider in China, said in a statement on Monday that it will buy Uber's China operation. [Photo/IC] |
The Ministry of Commerce said it hasn't received business declaration from Didi Chuxing and Uber Technologies Inc though both companies announced merger Monday.
Under the deal, Didi Chuxing agreed to acquire the China business of its rival Uber Technologies Inc.
All businesses with large operation scale that may monopolize the market must submit business declaration to the Ministry of Commerce for record, as well as wait for further anti-trust investigation. Companies without such clearance will not be allowed to carry out merger and acquisition in China.
Shen Danyang, the ministry's spokesman, said as these two companies haven't submitted business declaration to the ministry, their merger will not become effective and legal.
Didi Chuxing and its previous rival Kuaidi also didn't submit business declaration to the Ministry of Commerce when they merged last year, according to the ministry.
- Not for the faint-hearted: Glass bridge opens in Hunan
- Geneticist defends his groundbreaking technique
- Activist jailed for subversion, harming national security
- New Hainan port opens as annual fishing ban ends
- From hunting wild fruits to satellite dishes: Life of Myanmar returnees
- World's first panda-themed subway line runs in Chengdu
- From dusk to dawn: The other side of Beijing
- Huangluo: China's 'long hair village'
- Typhoon Nida lashes Shenzhen
- Amazing robots work hard at Qingdao beer fest
- Chinese swimmers 'test the water' in Rio
- Amazing night view of Kaifeng in Henan province
- In pics: Women soldier carrying the flag
- Rough and tough world of soldiers' training
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
US launches airstrikes against IS targets in Libya's Sirte
Ministry slams US-Korean THAAD deployment
Two police officers shot at protest in Dallas
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
Chinese State Councilor Yang Jiechi to meet Kerry
Chinese stocks surge on back of MSCI rumors
US Weekly
Geared to go |
The place to be |