Dan Loeb is betting on China's answer to Uber

Business Insider
By Linette LopezJul 27, 2016, 4:13 pm129 pts
In his second quarter letter to investors, Dan Loeb, founder of hedge fund Third Point Partners, disclosed that he's investing in China's answer to Uber, Didi Chuxing. You may recall that Uber has had some difficulty penetrating China's market, where Didi reigns supreme. Jean Liu, the company's president,…

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