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.
Uber to Sell China Business to Rival Didi After Losing Billions
51–60 of 194 posts
Re: Uber to Sell China Business to Rival Didi After Losing Billions
#52I wouldn't be surprised.
Re: Uber to Sell China Business to Rival Didi After Losing Billions
#53Re: Uber to Sell China Business to Rival Didi After Losing Billions
#54Earlier 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?
Re: Uber to Sell China Business to Rival Didi After Losing Billions
#55Merge is such a cute word. "Uber lost China and had to sell to Didi" is more like it
Re: Uber to Sell China Business to Rival Didi After Losing Billions
#56As 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.
Re: Uber to Sell China Business to Rival Didi After Losing Billions
#57Earlier 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.
Re: Uber to Sell China Business to Rival Didi After Losing Billions
#58Earlier 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:/…
Re: Uber to Sell China Business to Rival Didi After Losing Billions
#59Earlier 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.