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Burn and crash

15 June 2016 By Jeffrey Goldfarb

The car-hailing pioneer plans to borrow up to $2 bln on the back of a $3.5 bln Saudi investment. That would give Uber some $13 bln of financial firepower as Chinese rival Didi stockpiles $10 bln and India’s Ola seeks fresh funds. It’s a headlong race that could end with a crash.

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