Jan 5, 2017

Awkward: Uber backer invests in their direct competitor

Jeff Chiu / AP

Didi Chuxing, the largest ride-hailing company in China, is leading a $100 million round in 99, a Brazilian taxi-hailing service—and a direct competitor with Uber's operation in Brazil. Didi Chuxing is also getting a seat on 99's board.

The rub: This could get awkward as Didi Chuxing is an investor in Uber, and vice versa. By investing in 99, Didi is effectively backing a company directly competing with its own investment, Uber.

Why it matters: This isn't the first time Didi's new relationship with Uber is complicating things. Didi was already an investor in and strategic partner of Lyft, Uber's main rival in the U.S., as well as an investor in Uber's main local competitors in India and Southeast Asia.

Didi says it wants to "play a global game" but Uber already operates nearly everywhere around the world. It will be nearly impossible for Didi not to compete directly or indirectly with Uber outside its home country. And that can create some problematic conflicts of interest.

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Updated 53 mins ago - Politics & Policy

Autopsies say George Floyd's death was homicide

Police watch as demonstrators block a roadway while protesting the death of George Floyd in Miami. Photo: Joe Raedle/Getty Images

Preliminary results from an independent autopsy commissioned by George Floyd's family found that his death in the custody of Minneapolis police officer Derek Chauvin was "homicide caused by asphyxia due to neck and back compression that led to a lack of blood flow to the brain," according to a statement from the family's attorney.

The latest: An updated official autopsy released by the Hennepin County medical examiner also determined that the manner of Floyd's death was "homicide," ruling it was caused by "cardiopulmonary arrest complicating law enforcement subdued, restraint, and neck compression."

The Biden-Trump split screen

Photos via Getty Images: Jim Watson/AFP (L); Yasin Ozturk/Anadolu Agency (R)

The differences between former Vice President Joe Biden and President Trump are plain as day as the two respond to recent protests.

Why it matters: Americans are seeing firsthand how each presidential nominee responds to a national crisis happening during a global pandemic.

Louisville police chief fired after body cameras found inactive in shooting of black man

Louisville police officers during protests. Photo: Brett Carlsen/Getty Images

Louisville Mayor Greg Fischer fired the city's chief of police Steve Conrad after it was discovered that police officers had not activated their body cameras during the shooting of David McAtee, a local black business owner who was killed during protests early Monday morning.

Why it matters: Mandatory body camera policies have proven to be important in efforts to hold police officers accountable for excessive force against civilians and other misconduct. Those policies are under even greater scrutiny as the nation has erupted in protest over the killing of black people at the hands of police.