3 ms·
Didi could have let Uber die by itself and get the totality of the Chinese market on its own without sacrificing anything. As it stands now, Uber gets shares of
by dragonbonheur 10y ago
Didi could have let Uber die by itself and get the totality of the Chinese market on its own without sacrificing anything. As it stands now, Uber gets shares of Didi when they were going bankrupt. It's like saying "I'm broke now, but I still want your money!". It may not feel fair to some foreign observers who believe China is "big bad, evil!" but it's natural that some Chinese people question the deal- Apple owns part of Didi, now Uber- who's next? "Activist" bean-counter vampire shareholders like Carl Icahn? It would be a big mistake for the Chinese to let people like him get a foothold in China or anywhere near Chinese companies.
- jmknoll 10y ago> Didi could have let Uber die by itself and get the totality of the Chinese market on its own without sacrificing anything. The very point of the deal was because both companies were hemorrhaging their investors' money, and neither wanted to sacrifice any more. If that's what the regulators are investigating, then they're doing their job. Two companies collaborating to stop losing money is pretty close to the definitely of a cartel. This keeps getting framed as a China vs the World thing, as so many things Chinese do, but what really happened here is that two companies, backed by a set of the largest multinational investors in the world, are collaborating to screw the consumer, who this time is the average Chinese user of Didi or Uber.
- ww520 10y agoIt's a calculation of: I'm losing X/year, it takes N years for them to die, and they want Y to go away now. Is X*N > Y? If yes, then I'll pay Y to them to go away now.