Beijing has given the green light for Uber Technologies Inc. and its Chinese ride-hailing rival to operate legally in the country. China on Thursday issued nationwide ride-hailing regulations, making it the largest country to formally legalize the sector at a national level. Uber continues to clash with regulators around the world, and it pulled out of Budapest this month citing onerous government restrictions. The Chinese...

Source: Wall Street Journal July 28, 2016 11:03 UTC