What Went Wrong For Uber In China

Uber In China
bfishadow / Flickr
Uber In China
bfishadow / Flickr

What Went Wrong For Uber In China

After a brutal two year battle, Uber is finally throwing in the towel in China.

The ride-sharing giant sold its remaining market share to rival Didi, following a $2 billion loss. While Uber continues to be the highest valued startup in history, its stumble in Asia raises a red flag to foreign investor strategies going forward.

For more background, we talk to Leslie Hook, a correspondent for the Financial Times, about Uber’s loss in China.