LINE

Text:AAAPrint
ECNS Wire

Didi-Uber merger under probe over anti-trust concerns: ministry

1
2017-07-27 16:27Ecns.cn Editor: Mo Hong'e ECNS App Download

(ECNS) -- China's Ministry of Commerce is investigating the acquisition of Uber China by onetime rival ride-hailing firm Didi Chuxing due to anti-monopoly concerns, a spokesman said at a news briefing on Thursday.

Gao Feng said the ministry had discussed the acquisition with Didi Chuxing many times and launched investigations over the merger in accordance with anti-monopoly laws and other regulations.

The ministry is now conducting a comprehensive evaluation of the influence of car hailing companies on market competition and other sectors through seminars, field research and analysis by third-party institutions, it was added.

Gao also said the ministry aims to protect fair market competition and encourage innovation in the car-hailing industry.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.