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Business

Jeffrey Towson -- Uber shows how to win in China

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The logo of Uber on a smartphone is seen over a reserved lane for taxis in a street.   © Reuters

Uber Technologies Inc.'s sale of its China business to local rival Didi Chuxing has sparked confusion about whether it had won in the Chinese ride-sharing market or simply surrendered. The numbers speak for themselves.

Uber invested 18 months and about $2 billion in China. They walked away with 17% of Didi, and therefore 17% of the world's largest on-demand transportation market. And it was priced at approximately $7 billion, marking a tremendous return on both time and money.

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