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Uber has quit a few markets like China and SE Asia that it was losing money hand over first in. And prices have been increasing. My impression is that they sor
by bobthepanda 4y ago
Uber has quit a few markets like China and SE Asia that it was losing money hand over first in. And prices have been increasing.
My impression is that they sort of staked things on a pivot to UberEats, though that looks like a bust too.
- spaceman_2020 4y agoIts an open secret in the Indian startup space that they’ve been looking to exit India as well. Indian ridesharing is in a weird place where both parties in the duopoly are unwilling to dominate the market. Uber is trying to exit, Ola is focusing its efforts on a (failing) e-scooter startup.
- ricudis 4y agoUber in SE Asia mostly lost their game to Grab and Gojek, the premier local competitors. They fare quite well, even now. Especially in Singapore, where ridershare services allow many car owners to recoup a part of the extremely high costs of owning a car there.