Thanks for explaining / clarifying. > I don't view this as a victory of Didi either, they simply defended their home turf. I think this is where we disagree.

Thanks for explaining / clarifying. > I don't view this as a victory of Didi either, they simply defended their home turf. I think this is where we disagree. It was definitely a victory for Didi. They beat Uber in China, which is the market they care most about. Moreover, they have aligned themselves strategically. They now have a stake of Uber as well (don't forget Didi also invested $1B in Uber and as a result achieved information rights on Uber). They have partnerships with Grab in SE Asia and Ola in Inida. Lyft in the US. They continue to encircle Uber... Whereas a year ago, an Uber investor could've reasonable thought Uber was on a path to domination worldwide... today it's clear that their potential is greatly diminished from those lofty possibilities. They are removed from China outright. They are being confronted by an opponent that has already beat them in SE Asia and perhaps in India. Who knows what is next in Europe and the US. Didi has been absolutely brilliant here, and they deserve full credit for it.