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1. BBC 原文
Uber sells Chinese business to Didi Chuxing
1 August 2016
From the section
Media captionUber China - why is it selling up to its biggest rival?
Taxi-booking app Uber has agreed to sell its business in China to rival Didi Chuxing.
The two firms have been fierce competitors, but Didi Chuxing dominates the Chinese market
with an 87% share.
Uber China launched in 2014 but has failed to make any profit so far.
Cheng Wei, founder and chief executive of Didi Chuxing, said the two companies had "learned a great deal from each other over the past two years in China's burgeoning new
He added that the deal would "set the mobile transportation industry
on a healthier, more sustainable path of growth
at a higher level".
As part of the deal, Mr Cheng will join the board of Uber, while Uber chief executive Travis Kalanick will join Didi's board.
Uber's China business will retain its separate branding while US-based Uber Technologies will hold a stake of about 17.5% in the combined
Didi Chuxing is backed by Chinese internet giants Tencent and Alibaba, and has also invested in Uber's rival US taxi-booking service Lyft.
Big losses
Uber has been struggling to
break into the Chinese market despite having Chinese search engine Baidu as an investor.
In February, the company admitted it was losing more than $1bn a year in China, spending huge sums to subsidise discounted fares.
"Funding their China dreams was becoming too expensive for Uber," Duncan Clark, chairman of Beijing-based consultancy BDA, told the BBC.
"Many saw it as an obstacle to their own IPO (Initial Public Offering)."
Image copyright Reuters
Uber chief Travis Kalanick said that "as an entrepreneur, I've learned that being successful is about listening to your head as well as following your heart".
"Getting to profitability is the only way to build a sustainable business that can best serve Chinese riders, drivers
and cities over the long term."
The fierce rivalry had led both companies to heavily subsidise their journeys. The merger is likely to see fewer such subsidies.
"One thing to watch carefully is how quickly consumers feel the impact as subsidies are withdrawn," Mr Clark added.
Image copyright AFPImage caption Didi Chuxing is the clear market leader in China
Analysis: Karishma Vaswani, Asia business correspondent
If you can't beat them, join them - that may be what Uber's ultra ambitious Travis Kalanick was thinking. This deal may be Uber's best available option on
the table.
Uber put up a good fight, there's no doubt about it. And it may not all be bad news.
If the departure from the Chinese market means a sizeable stake in the biggest ride-sharing player in the world's second largest economy, which currently has a potential customer
base of some 750 million people, and that's only going to grow - then that's not too shabby.
Recognising this was one fight he wasn't going to win, may well turn out to be a sign of Mr Kalanick's maturity and business acumen in the future.
Didi Chuxing in brief:
China's number one taxi-booking app.Claims to have an almost 90% market share and some 14 million journeys every day.The company is the product of a merger: In February 2015, Didi Dache and Kuaidi Dache merged to form Didi Kuaidi, later renamed Didi Chuxing.It is the driving force behind an alliance with India's Ola, South East Asia's Grab and US firm Lyft, allowing users to use their apps to hail from the partner services when abroad.New rules
The deal with Didi Chuxing comes just days after China agreed to provide a legal framework for taxi-ordering apps.
Both Uber and Didi have welcomed the decision, having previously operated in a legal grey area in the country.
While the apps are widely popular, they have undermined business for normal taxis and have been met with protests by cab drivers.
The new rules will take effect on 1 November and will, among other things, forbid such platforms to operate below cost.
2. knowledge ball
标亮部分可以用在平时的speech里。
介词（后续可以在完善）：
*up: up跟在很多动词后面，表示一种程度的加深。
eg: listen me up, 仔细听我说
talk you up, 好好夸夸你
sell up, 变卖光
*over: 表示动作结束了。 talk over,谈论了
the relationship is over, 那段感情结束了
介词短语：
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加入CSDN，享受更精准的内容推荐，与500万程序员共同成长！翻译英语LCD LED CRT USA DVD VCD CD LRC LR BBC 是什么意思？_百度知道
翻译英语LCD LED CRT USA DVD VCD CD LRC LR BBC 是什么意思？
LCD LED CRT USA DVD VCD CD LRC LR BBC
LCD(Liquid Crystal Display:液晶显示器）LED(Light Emitting Diode:发光二极管)CRT（Cathode Ray Tube:阴极射线管）USA(the United States of America：美利坚合众国)DVD(Digital Video Disc:数字化视频光盘)VCD(Video Compact Disc:视频压缩光盘)CD（compact disc：激光唱片;光盘）LRC(lyrics:歌词)LR(Lloyd’s Register of Shipping:英国劳氏船级社
或者laboratory Reactor 实验室反应堆)BBC(British Broadeasting Corporation：英国广播公司)
采纳率：20%
LCD指的是已经显示屏LED指的是背光液晶屏CRT指的是普通显像管的那种屏幕，就是我们普通电视机的屏幕USA就是美国啦DVD是一种光碟播放器啦，可以播放DVD光盘VCD是同上，可以播放VCD光盘，和DVD都有图像的CD是一种音频播放器，可以播放音频LRC是同步歌词LR...我也不太清楚BBC是英国广播公司
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