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Media Report
August 01 , 2016
  • The Wall Street Journal：Uber Sells China Operations to Didi Chuxing
    The Wall Street Journal reports: "Global ride-hailing giant Uber Technologies Inc. has given up its costly battle for China's riders, swapping its local operations there for a minority stake in the country's homegrown champion, Didi Chuxing Technology Co. Didi, which was valued at $28 billion in its latest fundraising round, said Monday that Uber and investors in its UberChina unit will take a 20% stake in the company. Combined with Uber's China business that was valued at around $8 billion, Didi will have a valuation of around $36 billion....The deal marks an end to Uber's efforts to establish an independent foothold in China, which began in 2013 and was considered a rare case of a U.S. tech firm making inroads in the local market. "
  • Reuters：'Give them a bloody nose': Xi pressed for stronger South China Sea response
    Reuters reports: "China's leadership is resisting pressure from elements within the military for a more forceful response to an international court ruling against Beijing's claims in the South China Sea, sources said, wary of provoking a clash with the United States....So far, Beijing has not shown any sign of wanting to take stronger action. Instead, it has called for a peaceful resolution through talks at the same time as promising to defend Chinese territory. But some elements within China's increasingly confident military are pushing for a stronger - potentially armed - response aimed at the United States and its regional allies, according to interviews with four sources with close military and leadership ties....President Xi Jinping has assiduously courted and thoroughly cemented his leadership over the PLA and faces no serious challenges to his command."
  • The Washington Post：China releases prominent human rights lawyer on bail
    The Washington Post reports: "China released a prominent human rights lawyer on bail amid protests Monday outside a northern city court....The release of Wang Yu, who was detained last July, coincided with videos of an alleged confession by Wang posted on the websites of two Hong Kong media outlets in which she renounced her legal work and said 'foreign forces' were using her law firm to undermine and discredit the Chinese government....The AP could not independently verify the authenticity of the videos, and Phoenix TV, one of the outlets that interviewed Wang, declined to disclose where and when the interview took place."
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