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booting off Uber? Have you ever used Uber and its local competitor Didi in China? I've used both multiple times. The competition was just too much, both compani
by showbufire 6y ago
booting off Uber? Have you ever used Uber and its local competitor Didi in China? I've used both multiple times. The competition was just too much, both companies were losing money at a pace that's not sustainable. The Uber China business was acquired, and in return Uber received cash and stakes in Didi.
- systemvoltage 6y agoOh come on, there is no denying that China subsidizes local businesses asymmetrically. I've lived in China and have used Didi.
- chrischen 6y agoI don’t think you can claim definitively that that is why Uber lost. Uber lost in other markets too, like in Southeast Asia. I don’t think anyone can win this argument with you since you can always claim that the Chinese government favors local companies, so therefore ____ lost. But at least I can give some counterpoints: Tesla hasn’t lost in China.
- novok 6y agoIf you look into the details you'll find out that in typical CCP fashion they were tipping the scales on Didi.