Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#1

Post by cpt_snowcrash » Thu, Jul 13, 2017, 11:13 AM UTC

Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market
net.xyz

Re: Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#2

Post by samvrk » Thu, Jul 13, 2017, 11:21 AM UTC

So much for Uber's blitzscaling

Re: Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#3

Post by ruchirs » Thu, Jul 13, 2017, 11:25 AM UTC

I think Uber will face similar fate in south east asia by combining with Grab. Only India seems be the only market where it can compete and win with local rival ola

Re: Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#4

Post by reekapp » Thu, Jul 13, 2017, 11:28 AM UTC

ruchirs wrote: post #3

I think Uber will face similar fate in south east asia by combining with Grab. Only India seems be the only market where it can compete and win with local rival ola

There are other markets like Pakistan which are fairly under penetrated ( Careem )

Re: Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#5

Post by clayjen » Thu, Jul 13, 2017, 11:31 AM UTC

Uber always was a 'bits and atoms' company according to its CEO Travis Kalanick unlike a puely internet based company like facebook and google. It is difficult for companies which have major chunk of operations to expand globally and win in the local markets. Only company which seems to have done it is Amazon

Re: Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#6

Post by cpt_snowcrash » Thu, Jul 13, 2017, 11:39 AM UTC

clayjen wrote: post #5

Uber always was a 'bits and atoms' company according to its CEO Travis Kalanick unlike a puely internet based company like facebook and google. It is difficult for companies which have major chunk of operations to expand globally and win in the local markets. Only company which seems to have done it is Amazon

I think they never should have focussed on Self driving tech so early on in their journey. They should have won the market share globally first and then maybe focus on any kind of RnD. Business lesson is how laser sharp focus is the key

Re: Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#7

Post by r721 » Thu, Jul 13, 2017, 11:44 AM UTC

FYI: user cpt_snowcrash submits net.xyz domain only, users clayjen, ruchirs, reekapp, samvrk comment only in cpt_snowcrash's submissions

Flag this.

Re: Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#8

Post by amai » Thu, Jul 13, 2017, 12:42 PM UTC

clayjen wrote: post #5

Uber always was a 'bits and atoms' company according to its CEO Travis Kalanick unlike a puely internet based company like facebook and google. It is difficult for companies which have major chunk of operations to expand globally and win in the local markets. Only company which seems to have done it is Amazon

Amazons marketshare in Russia is basically zero. Russians use https://www.ozon.ru/ .

Re: Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#9

Post by amai » Thu, Jul 13, 2017, 12:43 PM UTC

Maybe relevant: http://englishrussia.com/2017/05/31/russian-airport-taxi-dri...

Re: Uber and Yandex Combine in a $3.72B Joint Venture in Russian Market

#10

Post by COMMENT___ » Thu, Jul 13, 2017, 3:12 PM UTC

r721 wrote: post #7

FYI: user cpt_snowcrash submits net.xyz domain only, users clayjen, ruchirs, reekapp, samvrk comment only in cpt_snowcrash's submissions Flag this.

Why do people do this on HN? Karma grinding or just promoting their xyz.net domain?

PS I found this submission while researching whether there is any discussion on HN about this uber&yandex cooperation.