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Uber to Sell China Business to Rival Didi After Losing Billions

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Re: Uber to Sell China Business to Rival Didi After Losing Billions

#51
post #25

Earlier quoted context omitted.

this is bad news for Lyft who Didi basically just abandoned after partnering with them and were hoping that Uber would self implode by overspending in China, Uber has got the US market on lock https://techcrunch.com/2016/04/11/lyft-and-didi-kuaidi-launc...

Maybe Lyft already knew this, which is why they have been trying to sell themselves.

? Why do you claim they're trying to sell themselves?

Re: Uber to Sell China Business to Rival Didi After Losing Billions

#54
post #51

Earlier quoted context omitted.

Maybe Lyft already knew this, which is why they have been trying to sell themselves.

? Why do you claim they're trying to sell themselves?

lmgtfy: http://www.vanityfair.com/news/2016/06/is-lyft-headed-toward...

Re: Uber to Sell China Business to Rival Didi After Losing Billions

#56
post #48

As long as anywhere in the world, I can get out of the airport, open up my Uber App, and summon an Uber - I'm happy.

Don't fly to Sydney then! I don't know what devil-deal was done, but the app won't allow you to summon an UberX inside the airport boundaries.

Can you get an uber black? UberX is not allowed to pick up at airports in some markets, but I'll settle for Uber black over having to deal with taxis.

Re: Uber to Sell China Business to Rival Didi After Losing Billions

#57
post #26

Earlier quoted context omitted.

> antitrust law in China Ok, seriously? https://en.wikipedia.org/wiki/List_of_largest_Chinese_compan...

So this list means that there is no antitrust law in the US? Because I count twice as many American as Chinese companies on that. https://en.wikipedia.org/wiki/List_of_largest_companies_by_r... Fact is, China has monopoly and merger control laws.

I think mbesto's list was supposed to highlight the fact that a large number of China's top companies are state owned.

Re: Uber to Sell China Business to Rival Didi After Losing Billions

#58

Earlier quoted context omitted.

"The major Chinese cities generally have very developed and efficient systems of mass public transit, reducing demand for rideshares (and cars in general)" This depends on your frame of reference. If you're comparing with SF, sure. If you're comparing with London or New York, less so. In London, the underground is faster than private car for many (most?) daytime journeys. In Beijing and Shanghai, a private car is alm…

Lived in Beijing for 2 decades. I think in Beijing and Shanghai, a private car is almost always slower than their subway systems. Beijing subway network has 18 lines, 334 stations and 554 km (344 mi) of track in operation and is the second longest subway system in the world after the Shanghai Metro (588 kilometres). Beijing subway also has extensive expansion plans call for 1,050 km (650 mi) of track by 2020. https:/…

Agreed. In Beijing/Shanghai I've always preferred subway to Taxi or ridesharing services, except when it's terribly bad weather and I have to talk over 1km or so, or when I carry tons of luggages.

Re: Uber to Sell China Business to Rival Didi After Losing Billions

#59
post #26

Earlier quoted context omitted.

> antitrust law in China Ok, seriously? https://en.wikipedia.org/wiki/List_of_largest_Chinese_compan...

So this list means that there is no antitrust law in the US? Because I count twice as many American as Chinese companies on that. https://en.wikipedia.org/wiki/List_of_largest_companies_by_r... Fact is, China has monopoly and merger control laws.

The US economy is 70% larger than China's, it should have far larger companies. The US also has vastly larger multi-nationals, that have between 30 years and a century of lead time in competing for / capturing international markets - once again, it makes perfect sense that the US should have more mega-corps. The US also has a vastly more evolved economy, including an extremely large services segment (which China is currently attempting to clone as their manufacturing continues to contract). As China develops the services side of its economy, you'll see dramatic consolidation in the number of mom & pop shops, leading to large service companies (which is why KFC is so massive in China; if this were 20 or 30 years later, China's service sector would have already produced it domestically at scale).

Re: Uber to Sell China Business to Rival Didi After Losing Billions

#60

Earlier quoted context omitted.

Or Uber invested $2bn and walked out with $7bn. Not a bad deal. Plus the value of the combined entity will skyrocket.

Not exactly, Uber doesn't own all of the $7bn.

7bn is 20% of the 35bn.
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