Uber’s Chinese Rival Didi Kuaidi Funds Uber’s U.S. Rival Lyft

  Uber may have met its match in its Chinese rival, Didi Kuaidi. In Didi’s latest move, the Asian ride-hailing service invested an undisclosed sum in Uber’s American rival, Lyft , co-found by logan More...

Daniel Loeb’s Third Point Exits $1 Billion Alibaba Stake

Hedge fund manager Daniel Loeb’s Third Point exited its entire stake in China’s e-commerce giant Alibaba. The New York-based hedge fund dissolved its shares — valued at $1 billion — after the More...