On This Day - What happened 1 August 2016 AD

In August 2016 Xiaomi entered Bangladesh via Solar Electro Bangladesh Limited.

Didi Chuxing (formerly Didi Kuaidi), the dominant player in China's ridesharing market, agrees to buy Uber China, Uber's business in China. The Uber brand will be retained, but Didi would “integrate the managerial and technological experience and expertise of the two teams.” Uber reportedly lost $2 billion trying to make inroads in China.

On August 1, 2016, Buffett challenged Donald Trump to release his tax returns.