China ride-hailing service Didi Chuxing's dominance of Uber Technologies Inc. in the China market may provide a play book for other regional rivals to fend off the biggest U.S. ride-hailing company, especially in other Asian countries.
The two companies Monday confirmed the sale of Uber China to its chief competitor, ending a two-year, money-losing effort to break into one of the world's toughest markets. Uber leaves with a major stake in Didi — about a fifth of the combined company — but will give up control of its China operations.
Didi had a head start and maintained the lead on Uber with a strategy that other rivals may emulate, analysts and investors said.