Two days ago, Uber China merged with Didi Chuxing, it's biggest competitor, in a $35 billion deal. Uber is now one of the biggest stakeholders in Didi with a 17.7% stake. While on the surface this is a great move in monetary terms (Uber made 3x the amount they spent in China), it's a playa move if you really look into the facts. Ola can effectively be obliterated by this deal. How? Read.
In other news, Walmart and JD.com (China’s largest e-commerce company by revenue) announced a strategic alliance to serve consumers. This will prove to be pivotal for Walmart seeing as the Chinese Government never lets foreign companies win any market it considers vital to its economy.