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UBER idea where is that from/Figaro Gaston
Uber will merge its China operation with its mainland ride-hailing rival Didi Chuxing in a $35 billion deal.
Didi will reportedly invest $1 billion in Uber at a $68 billion valuation, while Uber China investors will receive a 20% stake in the rival company,Bloomberg reports.
Didi Chuxing said it would take over all of Uber China and operate it as a separate brand. In exchange, the company said, Uber will receive a stake in Didi Chuxing and Uber founder Travis Kalanick will join the Chinese company’s board.
The heavy cost to compete in China has reportedly sapped Uber of $2 billion. Didi Chuxing eclipses Uber’s performance in China, completing over 11 million rides per day compared with Uber’s 1 million.
The share-swap deal comes days after China released a framework to legalize ride-hailing services.
Please Help Gaza
(Reuters) - Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting.
Israel's security cabinet decided to continue its offensive in the enclave and there was no sign of a halt to a 23-day conflict in which 1,346 Palestinians, mostly civilians, have died. On the Israeli side, 56 soldiers and three civilians have been killed.
Some 3,300 Palestinians, including many women and children, were taking refuge in the school in Jabalya refugee camp when it came under fire around dawn, the United Nations Relief and Works Agency (UNRWA) said.
"Our initial assessment is that it was Israeli artillery that hit our school," UNRWA chief Pierre Krahenbuhl said in a statement after agency representatives visited the scene and examined fragments, craters and other damage.
Blood splattered floors and mattresses inside classrooms at the Jabalya Girls Elementary School and survivors picked through shattered glass and debris for flesh and body parts to bury.
"I call on the international community to take deliberate international political action to put an immediate end to the continuing carnage," Krahenbuhl said.
The Gaza Health Ministry put the number of dead in the school attack at 15, with more than 100 wounded. The United Nations said 16 people were killed.
An Israeli military spokeswoman said militants had fired mortar bombs from the vicinity of the school and troops shot back in response. The incident was still being reviewed.
The army said three Israeli soldiers were killed on Wednesday when a booby-trap bomb exploded in a tunnel shaft they had uncovered in a residence in the southern Gaza Strip.