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> 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 bec
by 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.