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>Which is why you should be an owner/competitor versus an employee if you know the business well enough. Uber just lost a war of attrition with Didi Chuxing af
by crdoconnor 10y ago
>Which is why you should be an owner/competitor versus an employee if you know the business well enough.
Uber just lost a war of attrition with Didi Chuxing after throwing a billion dollars at China's taxi market
How much attrition can you afford?
- hx87 10y agoThe reason is simple: Uber did not know the business well enough, at least not in China.
- crdoconnor 10y agoThe reason is simple but absolutely wasn't that: they both subsidized their customers' rides to the tune of a billion dollars in a bid to undercut one another. As it turns out taxi riders care a lot more about price than they do about the company's cultural sensitivities. This isn't unusual in the transportation sector. In the 80s UK bus companies would undercut each other in a bid to achieve a monopoly. Some even offered completely free buses in a bid to drive their competitors out of business.