Tencent Technology News on August 1，Bloomberg quoted sources as saying，188bet sports betting app download’s business in China, the originator of taxi-hailing apps, will merge with Didi Chuxing, which dominates the Chinese taxi-hailing market。

This morning，A picture showing "Travis Kalanick (Founder of Uber、CEO，Screenshots of "TK blog" began to spread on Chinese social networks，Contains information about 188bet sports betting app download’s intention to merge with Didi Chuxing。

Co-founder of American technology blog Re/code，Kara Swisher, who is also an influential technology reporter in the Silicon Valley technology circle, confirmed to Tencent Technology that the blog content was indeed posted by Uber CEO，This can further confirm that Didi and 188bet sports betting app download are about to merge。But as of now，Neither party has publicly announced the merger news。

Travis Kalanick said in this blog，188bet sports betting app download and Didi Chuxing have both invested billions of dollars in China，And the two companies have not yet achieved profitability in this market。Achieving profitability is the only way to build a sustainable business，This can better serve Chinese passengers in the long term、Driver and City，The merger of 188bet sports betting app download and Didi Chuxing could make it even stronger。

The New York Times report also quoted Kalanick’s blog content.

A US dollar fund investor also disclosed to Tencent Technology，Didi and 188bet sports betting app download are indeed negotiating a merger recently。

Today，Bloomberg reported，The merger of Didi and 188bet sports betting app download will value the ride-hailing company at US billion。Investors in 188bet sports betting app download’s subsidiary in China will receive 20% of the combined company’s equity。Investors in Uber’s China unit include Chinese search engine Baidu。Uber will continue to operate its software applications in China for now。

Source says，Didi Chuxing will invest US billion in 188bet sports betting app download at a valuation of US billion。188bet sports betting app download declined to comment，Didi Chuxing has not yet responded to a request for comment。

According to 188bet sports betting app download employees，After the merger news came out，The entire Uber Shanghai office staff is still in a state of shock。

The following is the content of Kalanick’s blog:

Today we announce，We intend to merge UberChina with 188bet sports betting app download Chuxing。

Three years ago，I visited China with some people，To examine whether we can launch 188bet sports betting app download service in the Chinese market。Considering we were still a relatively small startup at the time，And little known in the Chinese market，This was an ambitious idea at the time。The vast majority of people we asked for advice agreed，We are either stupid，Or crazy，Or both。

I left 188bet sports betting app download with different opinions。First，188bet sports betting app download is a charming country，If you desire to make "transportation as reliable as tap water，Available to everyone, anytime, anywhere，”Then one-fifth of the world’s population cannot be ignored。Secondly，As an entrepreneur，If you have the opportunity to build Amazon and Alibaba at the same time，It would be crazy not to try。

Fast forward to today，188bet sports betting app download took only two years，Exceeded my wildest dreams。Our growth rate is extremely rapid，Currently receiving more than 1 order per month.500 million copies。Given that it is difficult for most American companies to develop in the Chinese market，This is not a simple matter。This is why I am proud of the excellent results achieved by the Chinese team。

But as an entrepreneur，I know I want to succeed，I must listen to your thoughts，Follow your own wishes。188bet sports betting app download and Didi Chuxing have both invested billions of dollars in China，And the two companies have not yet achieved profitability in this market。Achieving profitability is the only way to build a sustainable business，This can better serve Chinese passengers in the long term、Driver and City。

The merger of 188bet sports betting app download and Didi Chuxing could make it even stronger，I have no doubt about it。This is why I am so excited about the future of our company，Whether it is in the Chinese market, which has always been open to innovation and innovation in the taxi-hailing application industry，Still a global market，Ride sharing is becoming a trusted alternative to car ownership。

Travis Kalanick, CEO of 188bet sports betting app download

188bet sports betting app download CEO blog posted online

*This article is reproduced from Tencent 188bet sports betting app download,Original title "Tencent Technology exclusively confirms: Uber CEO's blog post is true and 188bet sports betting app download will merge with Didi"。