UPDATE: 5:10 a.m. EDT — Didi Chuxing confirmed on its Weibo microblog that it is buying Uber’s China operations. In the post (in Chinese), the company said Uber will get a 5.89 percent stake in Didi, amounting to 17.7 economic interest. A 2.3 percent stake will go to Chinese shareholders of Uber China, making up the total 20 percent being reported before the confirmation.
