11 ms·
Uber, WhatsApp
by cdancette 9y ago
Uber, WhatsApp
- richardknop 9y agoWasn't Uber losing ton of money in China? Also they had problems with regulators and local governments. I thought that was the main reason why they left.
- jbigelow76 9y agoI think the "problems with regulators and local governments" part is the implementation of the "forced into merging into a local entity" effect the great grandparent comment referred to.
- TeMPOraL 9y agoIronically, while it may be part of the implementation in China, Uber also has "problems with regulators and local governments" in every single place they do business. I am surprised Uber even got the chance to try in China.
- paulie_a 9y agoTo be fair uber is losing a ton of money everywhere
- rahimnathwani 9y agoDidi was also losing a ton of money in China. When they were competing head-to-head, both were offering ridiculous subsidies to both riders and drivers.
- xmly 9y agoUber lost the battle against didi, so was forced to merge with didi. Just a loser case. WhatsApp never entered into China market, never register as a company in China, so how it could follow the regulation?
- 50CNT 9y agoYeah, but Didi has Jean Liu, daughter of Liu Chuanzhi who is founder of Lenovo. She helped Didi raise the largest fundraising round in history.
- cdancette 9y agoThat's exactly the point for Uber: they lost against a local company, because the government did everything it could do so that didi would win the battle.
- rahimnathwani 9y agoWhat did the government do? I've used both Didi and Uber in China many many times, and it seemed like they were competing against each other pretty hard, without discounts etc. From my perspective as a customer, it seemed like they were both just trying to outspend each other to gain market share, and Uber just decided it was no longer a good use of cash.