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Wasn'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.
by richardknop 9y ago
Wasn'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.