# Professor Arun Sundararajan discusses the implications of Didi's acquisition of Uber China; his book, "The Sharing Economy," is highlighted

1 Faculty News August 6, 2016 ![Guardian logo ](/sites/default/files/styles/246w/public/assets/images/con_030939.jpg?itok=g7FgVwid)>

Excerpt from [The Guardian](https://www.theguardian.com/technology/2016/aug/06/uber-chinese-deal-ride-sharing-india-taxis) -- "The significance of the Didi deal is as much about the endurance of the sharing economy as it is about Uber itself, according to [Sundararajan](http://www.stern.nyu.edu/faculty/bio/arun-sundararajan). 'This is a moment that speaks to the immense market size of sharing-economy industries,' he says. 'We should be looking at this as the next generation of transportation. Uber isn’t going after the taxi industry; it’s going after the automotive industry. It wants to divert the trillions of dollars we spend on new and used cars.'"

[Read more](https://www.theguardian.com/technology/2016/aug/06/uber-chinese-deal-ride-sharing-india-taxis)