20%, not 30%. As always, for Uber, you have to understand their moves in the context of their valuation. Uber has raised money at a $70B valuation (although t

20%, not 30%. As always, for Uber, you have to understand their moves in the context of their valuation. Uber has raised money at a $70B valuation (although their most recent fundraising was at a mere $50B). They did that on the promise that they would get big, somehow raise unit margin, and become a business that would eventually turn not just profits, but profits commensurate with their valuation. Profits commensurate with their valuation are probably somewhere in the $5B to $10B per year range, once they're no longer growing that much. If all of SE Asia contributes only a couple hundred million to those profits -- even if those profits are nearly risk-free -- then that's not wonderful for Uber (or at least to Uber's investors). And more so, signals that say "We will not be able to establish stable high market share alongside stable high profit in many markets" are really bad for Uber's prospects for raising money.