After China, Uber Cedes Russian Business To Rival Yandex

After China, Uber Cedes Russian Business To Rival Yandex


14-July-2017

Nearly a year after ceding its Chinese business to local player Didi Chuxing, Uber is ceding yet another market to the incumbent, this time in Russia. After three difficult years in Russia, Uber has decided to merge with Yandex, the Russian search giant and operator of the ride hailing service Yandex Taxi.