China forced the sale of Uber China to Didi - this is well documented
really? > https://www.bbc.com/news/36938812 > https://www.heritage.org/international-economies/commentary/...
Let me tell you a cruel fact - Uber is completely unable to compete with Didi. You have no idea how fierce the competition in this industry in China is.
Uber died before it grew up in China
You can ignore my following comments if this will make you feel better...
> *If* Uber had become a commercial success in China, Chinese authorities ultimately *would* have clamped down to protect their domestic competitors.
classic demonizing and loser's execuse
> firms that do occasionally find success often face headwinds from Chinese regulators who limit their access to the domestic market.
every other demestic companys face headwinds from Chinese regulators, just like I mentioned above, and Apple, Tesla, Google, Microsoft, they all in same situation, some of them couldn't handle this so they leaved, some stays
Also, DiDi once were banned more than 2 years by authorities, it survived
> Didi naturally had state-backed funding, receiving a significant cash infusion from China's large sovereign-wealth fund
The 'STATE-BACKED' is a typical word used by certain people, it's just some kind of gov investment funds, there're dozens and invested thousands private companys, it's a Socialism country, it's called socialism, what do you expect? Didi is not even a state-owned enterprise. And is this equals to "force to sell"?
> some of the hamstringing restrictions typically imposed on foreign businesses.
Bruh
> China is well-known to have intense domestic favoritism.
That's true, and? many Chinese people also have intense domestic favoritism
BTW, Apple is losing market share in China. However, take it easy, I don't think Apple will be sold to Huawei. Moreover, Apple is produced by Chinese and Indian, why bothered?
Uber got 33%+ market share.
From your article:
> If Uber had become a commercial success in China, Chinese authorities ultimately would have clamped down to protect their domestic competitors.
> firms that do occasionally find success often face headwinds from Chinese regulators who limit their access to the domestic market.
> Didi naturally had state-backed funding, receiving a significant cash infusion from China's large sovereign-wealth fund.
> "Uber China" sought local investors. The hope was that, with local investors, the Chinese operation would be spared some of the hamstringing restrictions typically imposed on foreign businesses.
China is well-known to have intense domestic favoritism. Not sure where the profit is in denying that, given your own sources seem to clearly state it and even name a number of channels through which the state puts their thumb on the scale, not just regulatory but also through financing.