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China investigating Didi-Uber merger over monopoly

Xinhua, September 2, 2016 Adjust font size:

The Ministry of Commerce (MOC) is investigating a recent merger between the country's top two ride-hailing businesses, Didi and Uber's China branch, over monopoly concerns.

The two companies closed the deal on Aug.2, but they did not report the merger to the MOC as required by the Anti-Monopoly Law and other regulations, spokesperson Shen Danyang told a news briefing on Friday.

The MOC has pressed Didi twice about the merger details, and ordered the firm to present the related documents to the ministry.

"The MOC will continue the investigation in accordance with laws and regulations and secure a fair competition," said Shen. Endi