Why China’s Didi can succeed where Uber has struggled thumbnail

Why China’s Didi can succeed where Uber has struggled

“WE INVEST A lot of money here in China,” proclaimed Travis Kalanick, founder and then boss of Uber, at a confab in Tianjin in June 2016. But, he added with foreboding, “we have a competitor who is investing even more.” Two months later the American ride-hailing giant threw in the towel, selling its Chinese operations…