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Uber reached a deal to sell its operations in China to Didi Chuxing, its arch-rival there, an acknowledgment that its costly campaign to conquer the ride-sharing market in China is over. Uber is taking a 17.7% stake in Didi as a consolation prize. Uber and Didi had spent billions in a fare war; this week Uber’s fares reportedly soared.
Arch-rival: 主要对手
Acknowledgement：承认
Costly：昂贵的
Conquer：征服
Ride-sharing：拼车
Consolation prize：安慰奖
Fare war：价格战
Soar：高企
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