Welcome Guest
[Log In]
[Register]
| Welcome to the Ascendancy forums this community is now open for public registration so feel free and join. |
| Giovani-Lo-Celso-Argentina-Jersey | |
|---|---|
| Tweet Topic Started: Mar 28 2018, 01:12 AM (111 Views) | |
| wuming | Mar 28 2018, 01:12 AM Post #1 |
|
BEIJING, Aug. 2 (Xinhua) -- Chinese on-demand mobility (ODM) firm Didi's takeover of the business of Uber China has triggered worries over potential monopoly and price hikes. Didi announced Monday it was taking over Uber China, in a deal that could value the merged operations in China at 35 billion U.S. dollars. Uber will take a 5.9 percent stake in Didi, which in turn did not disclose the stake it will take in Uber. Uber China's ODM service will continue to operate independently. The deal follows China's recent legalization of ODM services. Yang Jianhua, head of the Public Policy Research Institute of the Zhejiang Academy of Social Sciences, described the merger as "unexpected but reasonable." "If the two companies continued to wage war against each other via discounts, both would be hurt," Yang said. The takeover, however, has fueled concerns from experts that a monopoly might hurt the market. The deal is not subject to anti-monopoly review by the State Council as both have not made profits and Uber China's revenue did not reach the review threshold, Didi said. However, the takeover would in fact create a monopoly as the two might have more than 90 percent of the market share in China, said Wu Weiqiang, vice president of the Hangzhou Institute for Reform and Development. Monopoly could reduce competition and result in higher prices for more profits, said Zhou Hanhua, a researcher with the Chinese Academy of Social Sciences. Passengers and drivers are also worried that they will lose benefits following the deal. "I am worried about fewer discounts and higher fees," said Wang Rong, a 27-year-old resident of Hangzhou, capital of east China's Zhejiang Province. "I hope my salary will not decrease in the future," said Shen Yangfei, a Hangzhou driver. Ye Yun, a public relations representative for Didi, told Xinhua that discounts for passengers and drivers will continue "for a long time." "On-demand taxi-hailing services have just started in China," said Yang Jianhua. "There is very high potential in many aspects of this business." The two companies have been locked in a bitter battle for customers in China marked by huge discounts since last year. Didi has strong capital support, while Uber has unique data processing technology and capital operations. Uber is one of a few foreign tech firms that has been able to compete with domestic rivals head-on in China. While Didi has the majority of China's ODM services, Uber has managed to establish a foothold and made inroads in lower-tier cities this year. The competition prompted a discount war. In June, Didi announced it had secured 7.3 billion U.S. dollars in equity and debt financing, including 1 billion dollars from Apple, which valued the company at around 28 billion dollars. Uber secured over 6 billion dollars in its latest funding round. Liu Zhen, Uber's China head of strategy, said in June that most of the money would fund operations in China. While Uber has generated over 1 billion dollars in profit from its top 30 cities worldwide, the company has not yet made profit in any Chinese city, even though it provides more trips in China than any other country. CAIRO Adidas Gabriel Landeskog Jersey , April 9 (Xinhua) -- At least 21 people were killed and 59 others injured in an explosion inside a church in the Egyptian Nile delta city of Tanta on Sunday Adidas Nathan MacKinnon Jersey , the Egyptian Health Ministry said. An explosive device was planted in front seat of the church Authentic Mikko Rantanen Jersey , State-run TV quoted a security sources as saying. Eyewitnesses said the explosion struck the crowd and caused destruction of a wall. The bombing came while the Copt marks the Palm Sunday. The death toll may increase because wounded people are in critical conditions. There was no immediate claim of responsibility. President Abdel Fattah Al-Sisi ordered all military hospitals to receive the wounded of the blast. Some 26 ambulances have been deployed at the Mar Girgis Coptic Church Authentic Gabriel Landeskog Jersey , about 120 km north of Cairo Authentic Nathan MacKinnon Jersey , Magdy Awad Mikko Rantanen Jersey , head of the Ambulance Authority told Xinhua. The security forces intensified its presence around other churches Gabriel Landeskog Jersey , the Egyptian Interior Ministry said in a statement. The prime minister as well as the interior minister have gone to Tanta. An investigation was launched. Coptic Christians make up about 10 percent of Egypt's population. They have largely coexisted peacefully with the majority-Muslim public for centuries. At the end of 2016 Nathan MacKinnon Jersey , at least 29 people were killed and 31 wounded in an explosion that targeted the Cathedral of Saint Mark in the Abbasia district in Cairo. HANOI, March 28 (Xinhua) -- China is seen as the most important market for Vietnamese tourism, said the Vietnam National Administration of Tourism (VNAT) on Tuesday. According to the VNAT, in March alone, Vietnam is expected to welcome some 297.915 Chinese tourists, up 39.2 percent year-on-year. Last year, Vietnam also saw high growth in Chinese arrivals, with 2.7 million person-times and up 51 percent year-on-year. In 2010-2016 period, Vietnam witnessed average annual growth of 20 percent in the number of Chinese tourists. Other cooperation areas between Vietnam and China have yielded crucial outcomes as Chinese companies have offered chartered flights bringing Chinese tourists to Vietnam and two countries' airlines continue to launch new air routes and increase flight frequency between their localities, assessed the VNAT on Vietnam's state-run news agency VNA. In January-March period, Vietnam is forecast to receive over 3.2 million person-times of international tourists, up 29 percent year-on-year. The administration attributes the growth to numerous tourism promotion activities that Vietnam has implemented since the beginning of 2017, including participation in 2017 ASEAN-. Cheap Penguins Jerseys Cheap Lightning Jerseys Cheap Islanders Jerseys Cheap Vegas Golden Knights Jerseys Cheap Philadelphia Flyers Jerseys Wholesale Flames Jerseys Wholesale Devils Jerseys Cheap Vancouver Canucks Jerseys Cheap Washington Capitals Jerseys Wholesale Team Canada Hockey Jerseys |
![]() |
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| « Previous Topic · General · Next Topic » |
| Track Topic · E-mail Topic |
12:35 AM Jul 11
|






12:35 AM Jul 11