Quotes from the news wire:
It is not a simple thing for CE (chief executive) to step down, and I myself still have the passion and undertaking to service Hong Kong people, i hope that Hong Kong society can give me and my team the opportunity and room to allow us to use our new governance style to response to people's demand in economy and in livelihood.
Any demand that we should run an amnesty at this stage, that we will not follow up on investigations and prosecutions of offenders is not acceptable, because that bluntly goes against the rule of law in Hong Kong, ...My sincere plea is: Please give us an opportunity, the time, the room, to take Hong Kong out of the current impasse and try to improve the current situation.
United States makes huge sense. Uber faces an uphill task in Uber China especially since Didi is multiple times larger by transaction value and city coverage, this will lead to favorable outcomes for both companies. The biggest benefit is cost savings, they no longer have to give out subsidies to drivers and passengers. It will give pricing power as the new entity will become the dominant player. That means profitability will come sooner than later.
It's pretty encouraging that despite the market volatility, deals still get done, the importance of mainland Chinese money has been growing. When that buyer is Chinese institutional money, that's good because that money is less likely to be heading back to Europe or the U.S. at the first sign of volatility.