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Didi Chuxing involved in anti-monopoly investigation
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The Ministry of Commerce said today it's conducting anti-monopoly investigations against the merge deal between Didi Chuxing and Uber China, a much talked about case in China's booming mobile Internet sector.
Shen Danyang, spokesperson of the Ministry of Commerce, told a regular press conference of the Ministry on Friday that the Ministry is looking into the merge according to the Anti-monopoly Law and other relevant stipulations, according to a transcript on its official website.
The commerce ministry’s antitrust unit has already held two meetings with Didi and has requested the company to submit relevant documents and materials. It has also asked the company to explain the details of the deal as well as the reason why it hasn't submitted materials regarding the proposed acquisition.
It has also held talks with relevant authorities and companies in the ride-hailing business to learn about the business operations of online ride-hailing and the overall competitive landscape, the Ministry said.
Industry watchers have estimated that the Commerce Ministry is not likely to refute the deal between Didi and Uber, as it did with the merge between Didi and smaller rival Kuaidi at early 2015.
Didi announced on August 1 that it would acquire Uber Technologies' business operations in China through a share swap deal that would help eliminate its biggest rival in the country.
Didi today declined to comment on the latest updates of the merger.
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