Posted by Kyle 8:16 AM (CDT)
Monday August 01, 2016
I know I am going out on a limb here, but maybe it has something to do with that "communism" thingy? While I wish this article went a bit into further analysis, it is still an interesting read.
Both UberChina and Didi were bleeding cash. And foreign tech companies trying to make China a big market have always found it a fraught endeavor. Google, Yahoo, eBay, Microsoft, Qualcomm all spring to mind. Even Apple has seen its fortunes fade in China. Its investment in Didi earlier this year might even have been about bolstering its reputation there.