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0 pointsjamesfe9y ago0 comments

Uber is everywhere except China - http://fortune.com/2016/08/07/uber-china-didi-chuxing/

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bhups9y ago

Facebook and Google are also everywhere except China.

bduerst9y ago

I'm not aware Facebook and Google are burning $1B to be in China though.

pertymcpert9y ago

They sold their business to Didi Chuxing, they're no longer taking that loss.

bhups9y ago

Not only is Uber no longer burning $1B to be in China, they now own a 20% stake in what is now a monopoly in China to (ostensibly) make all of it back and then some.

j / k navigate · click thread line to collapse

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bhups9y ago

Facebook and Google are also everywhere except China.

bduerst9y ago

I'm not aware Facebook and Google are burning $1B to be in China though.

pertymcpert9y ago

They sold their business to Didi Chuxing, they're no longer taking that loss.

bhups9y ago

Not only is Uber no longer burning $1B to be in China, they now own a 20% stake in what is now a monopoly in China to (ostensibly) make all of it back and then some.

j / k navigate · click thread line to collapse