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China tech

Like Uber, China's Didi spins off self-driving arm

Separating risky and costly business seen as preparation for IPO

Didi is testing autonomous-driving tech in Beijing. (Photo courtesy of Didi)

CHONGQING -- Chinese ride-sharing leader Didi Chuxing is turning autonomous driving operations into a separate company, seeking to accelerate fundraising and partnerships in a move seen as groundwork for an initial public offering.

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