China’s largest taxi app, Didi Chuxing, will invest in Europe’s Taxify in order to help the company expand its operations

Uber, the world’s most popular ride-hailing app, spent years trying to corner the market in China. It has now retreated, merging with long-time rival Didi Chuxing

Taxi app Uber has agreed to merge its business in China with rival taxi firm Didi Chuxing