Why is Didi worth so much less than Uber?

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Why is Didi worth so much less than Uber?

Years ago, U.S. ride-hailing giant Uber and its Chinese rival Didi were locked in an expensive rivalry in the Asian nation. After a financially bruising competition, Uber sold its China-based business to Didi, focusing instead on other markets. The two …
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Xcel Energy Drops Plan for New Gas Power Plant in Becker

MINNEAPOLIS (AP) — Xcel Energy has scrubbed plans for an $800 million natural gas plant in Becker in the face of criticism from environmental and clean energy groups. Instead, the Minneapolis-based …
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Bitcoin Resumes Slide Toward Closely Watched Technical Level

Bitcoin Resumes Slide Toward Closely Watched Technical Level. Bloomberg News. June 25, 2021, 10:11 AM PDT Updated on June 25, 2021, 10
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Summers Sees US Inflation Ending 2021 'Pretty Close' to 5%

Summers, a paid contributor to Bloomberg, has repeatedly predicted massive monetary and fiscal stimulus alongside the reopening of the economy
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Intel CEO Says Chip Shortage to Hit Bottom in Second Half

Intel Corp. Chief Executive Officer Pat Gelsinger predicted the shortage of semiconductors that’s hurting industries from automotive to consumer electronics will bottom out in the second half of this year before starting to improve. “I don’t expect the chip industry …
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