9 years ago
2
WeChat blocks Uber. And this is only the beginning.
Remember when I wrote that there was absolutely zero chance Uber could win China? That mega competitor Didi Kuaidi simply had too much of a lead and the only way Uber could make a dent in it was unsustainable subsidies -- even for a company with $7 billion in capital raised? And that even if Uber chooses to lose $1 billion a year in China in subsidies it still wouldn’t have a chance because Didi is backed by three of the biggest Asian corporates Tencent, Alibaba, and Softbank?
Continue Reading
https://pando.com
Join the Discussion
Uber is mad that companies are doing what they need to do to claim/keep market dominance, which is exactly what Uber did when they were trying to surpass Lyft. Only difference is that it's an American company vs Chinese companies in a Chinese market. Can't say Uber has much of a chance.
I thought the piece had too much of an opinionated slant.
In any case, I wouldn't be worried about Uber's future. Google has proven you can be a worldwide leader without regional success in mainland China.