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http://www.bbc.co.uk/news/36938812

Looks like Uber has plugged the huge losses from its chinese operation to concentrate on greater dominance elsewhere. Are we going to see more money poured into promos in London or are they finally looking to turn a profit and maybe an IPO?

Uber was a minnow compared to Didi and were getting ripped off by partners creating phantom rides to take advantage of the huge subsidies that Uber were throwing at the market.
 

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Uber was never going to grow in China.

They already had a home grown competitor and the Chinese are more likely to use/support a Chinese Co than an American interloper.

And there is no Guardian type press to be outraged at this blatant racism and xenophobia.

The U.K. could learn a lot from China sometimes.
 

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Uber was never going to grow in China.

They already had a home grown competitor and the Chinese are more likely to use/support a Chinese Co than an American interloper.

And there is no Guardian type press to be outraged at this blatant racism and xenophobia.

The U.K. could learn a lot from China sometimes.
Very true Luxbod, in many countries like China, Philippines, Thailand, Vietnam and the list goes on they are very defensive of their own people's rights.

Yes you can get a work permit for certain jobs but only if natives cannot fill that vacancy for whatever reason.
No unemployment benefits for the lazy, half decent education has to be paid for, get sick with no money and be at the mercy of very poor hospitals with little medicine.
Not much in the way of financial help from their taxpayers for foreigners either.

A lot of people here in UK including our own long term couch potatoes wouldn't like that but some of those rules are not so bad, others are.
 

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http://www.bbc.co.uk/news/36938812

Looks like Uber has plugged the huge losses from its chinese operation to concentrate on greater dominance elsewhere. Are we going to see more money poured into promos in London or are they finally looking to turn a profit and maybe an IPO?

Uber was a minnow compared to Didi and were getting ripped off by partners creating phantom rides to take advantage of the huge subsidies that Uber were throwing at the market.
Good!
I'm glad. I prefer this interpretation.

http://www.bloomberg.com/news/artic...e-china-business-with-didi-in-35-billion-deal
 

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Very true Luxbod, in many countries like China, Philippines, Thailand, Vietnam and the list goes on they are very defensive of their own people's rights.

Yes you can get a work permit for certain jobs but only if natives cannot fill that vacancy for whatever reason.
No unemployment benefits for the lazy, half decent education has to be paid for, get sick with no money and be at the mercy of very poor hospitals with little medicine.
Not much in the way of financial help from their taxpayers for foreigners either.

A lot of people here in UK including our own long term couch potatoes wouldn't like that but some of those rules are not so bad, others are.
I like Thailands attitude to foreign property ownership.

They can't own Land. They can own the bricks and mortar but not the Land.

Which has likely stopped foreign money pushing prices up.
 

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I like Thailands attitude to foreign property ownership.

They can't own Land. They can own the bricks and mortar but not the Land.

Which has likely stopped foreign money pushing prices up.
Same as Philippines and a few others.

Expat's take on that is that it's there to keep the wives or girlfriends secure, if hubby finds a younger model he loses the house...
 
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