Daimler and Volvo-owner Geely to build a luxury Uber rival in China - City A.M.

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City A.M.

Daimler and Volvo-owner Geely to build a luxury Uber rival in China City A.M. The deal will create a new rival to local firm Didi Chuxing, which dominates the market with 217m users last year after merging with Uber China in 2016. Research from Bain & Co., provided to Reuters, said the market is currently worth $23bn (£17.8bn ... and more »

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