“The biggest existential threat to Uber over the last two months was that in China they were losing capital in a way that potentially threatened the rest of their worldwide operations.” Uber has sold its China operations to its rival Didi Chuxing. Didi is now valued at $35 billion and Uber at $68 billion. Those are some hefty valuations being determined by the private market. Hitchhiking used to be free. Now it’s a part of global economy worth a few hundred billion dollars. Progress!