Lyft Says It Will 'evaluate' Its Partnership With Didi Chuxing After Uber Deal

By Markets MarketWatch Pulse

Lyft Inc. said it will "evaluate" its partnership with Didi Chuxing, after the Chinese ride-hailing company said Monday that it would acquire Uber's China operations. Lyft currently has a partnership with Didi, as well as two other ride-hailing companies, that extends the reach of the app globally. "We always believed Didi had a big advantage in China because of the regulatory environment. The recent policy changes are exactly why we did not invest in the region," Alexandra LaManna, a spokesperson for Lyft, said in an email to MarketWatch. "Over the next few weeks, we will evaluate our partnership with Didi." With Didi's deal, Uber will also own a stake in Didi, according to the Wall Street Journal.

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