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Certainly, sooner or later the liliputians will come in and tie Uber down, but it's a giant now. It's a little too late to be proselytizing about the company's
by Fricken 10y ago
Certainly, sooner or later the liliputians will come in and tie Uber down, but it's a giant now. It's a little too late to be proselytizing about the company's imminent demise.
And in spite of supposedly losing in China, Uber managed to negotiate some pretty favorable terms. Uber now has a board seat and a 20% stake in Didi, a 30 billion dollar company growing about as fast as Uber was when it was that size.
- norikki 10y agoUnlike the USA, China doesn't allow foreign companies to compete there. The only exception is Apple, and that's after they almost had a revolution from the unmet demand, and Apple is still given a hard time.
- linkregister 10y agoWas there a regulatory obstacle to UberChina that was in the news? I was under the impression that Didi simply outperformed UberChina, from having a superior local perspective. The difference between Didi and dead or dying car-sharing services was that Didi had enough financing to withstand the race-to-the-bottom on pricing and driver incentives.