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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

#81

Post by seanmcdirmid »

ravivyas wrote: post #39
sethbannon wrote: post #18

Uber finally threw up the white flag in its fight against Didi in China. I wonder how big of a dent this puts in Uber's sheen of invincibility in other markets. Will investors be braver backing other regional competitors like Ola in India and Lyft in the US?

China is a whole different market. Nothing can be extrapolated from China. Amazon lost in China, but is doing well in India.

Amazon is doing quite well in China, we buy things from it often. They aren't #1, but they haven't failed and are probably even making some money.

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

#82

Post by seanmcdirmid »

adventured wrote: post #61
ravivyas wrote: post #39

Earlier quoted context omitted.

China is a whole different market. Nothing can be extrapolated from China. Amazon lost in China, but is doing well in India.

And of course infamously Google and Facebook dominate most of the planet, but can't compete in China (and Baidu can't manage to do much outside of China).

Its even worse than that: Myanmar, Cambodia, Vietnam, ... most of China's neighbors who are just getting into the internet now...are strictly Facebook/Google territory, Chinese internet companies can't even compete in their backyard.

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

#83

Post by chj »

seanmcdirmid wrote: post #81
ravivyas wrote: post #39

Earlier quoted context omitted.

China is a whole different market. Nothing can be extrapolated from China. Amazon lost in China, but is doing well in India.

Amazon is doing quite well in China, we buy things from it often. They aren't #1, but they haven't failed and are probably even making some money.

Have you tried jd.com? cheaper and better return policy.

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

#84

Post by wildmusings »

netcan wrote: post #73
wildmusings wrote: post #8

Earlier quoted context omitted.

Yes, this is a face-saving use of language. Most "mergers" that you hear of are actually acquisitions.

What's the non-face-saving language?

"Bought out" comes to mind as having a very different connotation than "merged", even though they can often refer to the exact same events.

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

#85

Post by seanmcdirmid »

chj wrote: post #83
seanmcdirmid wrote: post #81

Earlier quoted context omitted.

Amazon is doing quite well in China, we buy things from it often. They aren't #1, but they haven't failed and are probably even making some money.

Have you tried jd.com? cheaper and better return policy.

We use them all, actually.

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

#86

Post by altern8tif »

free2rhyme214 wrote: post #55
piyushpr134 wrote: post #4

Merge is such a cute word. "Uber lost China and had to sell to Didi" is more like it

The Chinese are cute. They win in their home country but nowhere else.

Geez... With more than a billion people, that's a BIG win.

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

#87

Post by altern8tif »

snaky wrote: post #72
perlwle wrote: post #70

Earlier quoted context omitted.

Another fun fact: Jen Liu, Uber’s China head of strategy, is the niece of Lenovo founder Liu Chuanzhi.

Good old state-sponsored family business. It's called Chaebol (재벌) in Korea, Zaibatsu (財閥) in Japan, is there a name for it in modern China?

Nepotism.

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

#89

Post by puranjay »

0x80000000 wrote: post #47

For people living in Beijing, this is really a bad news. Didi and Uber China have been in fierce competition for quite a long time, both of them gave consumers HUGE discount. For example, Uber is showing me a promotion which I can go as far as 5 KM around at the cost of just 5 RMB (0.75$). After merging, I'm afraid we won't see such a low price anymore.

Yeah there is no way they can sustain these prices in the long term.

Here in India, because of the price war between Ola and Uber, you can travel for as low as $0.04/km - cheaper than even the cheapest mode of transport (rickshaws).

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