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If you read my source, you'll see that it does support my argument: >Indeed, India is a vast market that accounts for 10 percent of Uber’s trips with 10 millio
by deminature 8y ago
If you read my source, you'll see that it does support my argument:
>Indeed, India is a vast market that accounts for 10 percent of Uber’s trips with 10 million rides a week, so ceding ground there will be undoubtedly damaging to the company.
>“India is a key component of our growth plan,” Khosrowshahi told the Economic Times during a recent trip to India. “If you look at the market, it’s one of our healthiest markets in terms of growth rates.”
>In Latin America, the company has seen incredible success as the region quickly became its fastest growing.
- krn 8y agoIn India, there might be no Uber left very soon[1]: > This rivalry has been less welcome to Japanese technology giant SoftBank, which holds large stakes in both Uber and Ola. Encouraged by their common shareholder, the pair have held talks on a potential merger, according to people with direct knowledge of the discussions. That move would create a business controlling almost the entire Indian ride-hailing market, which last year had revenue of at least $2.1bn, according to RedSeer Consulting. The same will probably happen in Latin America, where Didi bought 99 taxis, a Brazilian-based ride hailing company that it is specifically focused on dominating the region[2]. In the long run, I expect Uber as a brand to exist only in English-speaking markets. [1] https://www.ft.com/content/af3aab5c-52d6-11e8-b3ee-41e0209208ec https://www.ft.com/content/af3aab5c-52d6-11e8-b3ee-41e020920... [2] https://www.bloomberg.com/news/articles/2018-01-03/didi-buys-99-taxis-igniting-fight-with-uber-in-latin-america https://www.bloomberg.com/news/articles/2018-01-03/didi-buys...