The Chinese market regulator is investigating the merger of two ride-hailing businesses, Didi and Uber’s China branch, in accordance with the anti-monopoly law and regulations, an official said Friday, November 16.
Wu Zhenguo, head of the Anti-Monopoly Bureau of the State Administration for Market Regulation, told a press conference that the administration is working to comprehensively assess the deal’s impact on competition and development of the industry.
During the press conference, the official also stressed that China’s antitrust investigations are open and transparent, and that all market players—no matter state-owned, private, or foreign-funded —receive equal treatment.
41% of the antitrust cases handled by the former State Administration for Industry and Commerce targeted state-owned firms, while only less than 11% involved foreign companies, Wu said.
