🔲Uber Gives up on 🇨🇳China

  |   Tech News / India News

By Fråst🐺

After fierce competition from rival Didi Chuxing, 🔲Uber Tech. Inc. is selling its 🇨🇳China operations & end the battle in the orient. This leaves Didi Chuxing victorious & 🔲Uber free to invest its efforts elsewhere. Over the 2⃣ years that 🔲Uber has been in 🇨🇳China, it has reportedly lost 💲2⃣ bn. As part of the deal, Didi will invest 💲1⃣ bn in 🔲Uber’s global company. Arun Sundararajan, a 🌃New York University 👓professor said🔉, “in the short term it may be seen as a loss, but in the long run it’s a good move. Now they can focus on the rest of the world.” Meanwhile, it seems like other taxi companies in 🇮🇳India will have to buck up to keep hungry 🔲Uber at bay.

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