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When asked about Uber's attempt to dominate in the vast market that is China, the CEO of homegrown ride-sharing company Didi Chuxing, Jean Liu, said it was "cute."
Man was she right.
On Monday, Uber fled China. It surrendered a massive market and sold its $8 billion business to Liu's Didi less than a week after Chinese regulators legalized ride sharing in any capacity.
One would think that after three years of slugging it out for the hearts of Chinese consumers... Читать дальше...