Uber’s Chinese rival Didi Chuxing buys into bicycle-sharing startup Ofo

Uber’s Chinese rival Didi Chuxing buys into bicycle-sharing startup Ofo

A taxi driver is reflected in a side mirror as he uses the Didi Chuxing car-hailing application in Beijing, China, September 22, 2015. REUTERS/Jason Lee

Didi Chuxing, China’s answer to Uber, already dominates car-hailing in the country. Now it’s reverting to bicycles, once the nation’s traditionally preferred mode of conveyance.

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