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The reason is simple: Uber did not know the business well enough, at least not in China.
by hx87 10y ago
The 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.