This morning’s Observer column:
The big news last week was that Uber, the California-based ride-hailing company, threw in the towel in China. It announced that its Chinese rival, Didi Chuxing, would acquire all of the assets of UberChina – including its brand, business operations and data. In return, Uber gets a stake in Didi Chuxing worth £5.3bn.
Why is this significant? How long have you got?