Why Uber Failed in China
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- เผยแพร่เมื่อ 13 ต.ค. 2020
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hello there
I like pizza
Well looks like I found a hill to die on
already signed up thanks
great vid
You could have explain the concept a bit more to sell us on it
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@@AxxLAfriku both of them are men, go commit serverside, loser.
@Pretty Princess P P What have I stumbled upon
@Pretty Princess P P posting from an alt account doesn't prove that you have female lovers, AxxL.
@@Wadosan lol.. this makes me want to cry
You beat me to it
I was living in China when Uber was trying to win the market with free or really really cheap rides. Didi had to do the same for a while to keep up. Man it was good stuff for the consumers.
It was Didi and Kuaidi that competed for the most. Uber was just a little brother then.
Yes lol this reminds me how competition is good for the consumers - when you have a monopoly, the consumers suffer
Monopoly in a nutshell lol
@@jifa17 lol forgot about this other company completely
In aus uber did the same thing, disrupted taxi drivers, didn't give a f*ck about govt though but won as our government is so far behind in tech and the opposite to china (double edged sword). In the end as uber was the first here they are the most popular by far and won due to chaos, our government unregistered cars on uber platform but buckled in the end.
Uber输给滴滴，太菜了。
taking a 20% stake in Didi is probably a win for them given the mistakes that they can only blame on themselves.
not accepting WeChat for payment as example is hugely stupid move and ignorance.
they want all that mobile payments, but blocked as i understand. because the company behind already committed to didi
@@den-iq1cv all they had to do was offer WeChat a cut of the equity. the same way Didi offered to Uber at the end. Didi took the path of playing nice and making friends. Uber launched their product with problems from the get go and struggled to offer a viable alternative and continued to be plagued with problems in the way their service worked, limiting their appeal.
crime rate too high...
@@campkira Seriously? China has the largest population, yet the safest place in the world. We should see the per capita crime rate .
@@campkira Have you been to China? The violent Crime rate is VERY low there. Granted, there are cameras everywhere, and punishments for crime are very harsh over there.
You know you screwed up when Apple has the ethical high ground.
Haha
You underestimate Ubers power!
Lmao
@@generalkenobi5173 hello there
General @@brokoblin6284 I've been expecting you.
Imagine spending 70 days in China and not noticing American Credit cards aren't very plentiful among locals
Thtat's kinda detached from local
And didn't find out most place outside luxury hotel he lives in don't accept American credit cards at all.
@grimm reaper and here i am with my debit/credit cards like a cave man. I mean sure we have apple pay / google pay but some places are cash only, some places they have no idea how to scan the phone, just a mess.
Imagine the Chinese government blocking your company from their payment platform #communism
@@TylerWitucki like what US did to Iran
As someone who witnessed the whole thing, I’d say Uber’s biggest failure in this is that it failed to include licensed taxi drivers while Didi did. As you’d imagine a lot of people simply still trust professional drivers who know a whole lot better in driving than those who rely solely on nav apps. That’s home field advantage, not protectionism.
😂 It’s funny how people try to apply a western mindset to China. Ofcourse it’s governmnet protectionism and vague laws that make anything possible if you have enough money or what is more important in china political influence. The Chinese system is created in such a way that if the government wan’t sometjing it can achieve it by pushing on the right people and companies. What you call home field advantage is in reality state protectionism of local companies. If we ware to transparent this situation to football terms it’s the equivalent of team A having more supporters and thus greater moral. What happened with Uber could be transcribed into the following football scenario. Uber (team A) has sent their team, that consists of great football players, to play football with Didi. The Uber team was ready to play dirty and bend some rools aka simulate injury, if necessary use more physical force than is allowed By the rools.They ware feeling confident as this tactic paid of in other matches. Unfortunately when they arrived to the match they noticed that they ware playing against mma players who ware allowed to carry the ball with their hands, and beat the crap out of Uber players. The referee was penalizing only Uber players and encouraging the Didi players to kick Uber players in the crotch. Vague laws+ a centralised authoritarian governments that can force people and companies to make „the right decisions” = certain defeat.
@@orestmakar8562 dude it’s a pain reading your stuff. Can you simplify it a bit.
@@zeyu6820in authoritarian states @@zeyu6820one company@@zeyu6820, @@zeyu6820, that simulates a free market.
@@orestmakar8562 It is a free market in its own sense. How would Apple and Tesla succeed there otherwise, especially that electric car companies like Nio are heavily protected by the government (literally saved from the brink of bankruptcy).
@@momoware There is no free market in China. There is a 1400 billion consumer and labour market and cheep labour. Most companies that want to eneter these markets have to make questionable compromises and obey everything CCP demands. Short term profits are sky high. Long term these companies are robbed from everything of value thay have. The CCP is above the law and can rule over any decision made on any company, government institution and individual people make „the right decisions”. Vague laws help to give this practice a veneer of legality.
The day I moved to China for business an older smart man told me, son, if you think you come here and try to sell to the Chinese something they can build themselves you'll lose, every single time!
I remember that comment with every move ever since.
@LightElectric SuperCraft same
those Chinese love our iPhones (they’re assembled in China, but “made” in California), Disney movies, and NBA. maybe we should withhold those things
@@PresidentFlip do you know how much iPhones will cost if they’re made in the west. People in China work 16 hours a day to make those phone n below minimum wage.
@@billc6773 I didn’t say we should make them in the US, I said they’re only assembled in China to clarify that iPhones aren’t really made in China, they’re only assembled there. I was saying we should start withholding our products including iPhones from the Chinese market since they think they can do it better. No more NBA for them
@@PresidentFlip that sounds petty lmao
We took Ubers in Bogota and the driver always wanted one of us to sit up front. We found out why. Taxis would sometimes cut off Ubers and they might even drag them out and beat them up so they wanted to appear to be friends in a car.
Nonsense
Uber drivers in Nigeria have started defrauding Uber as well. They tell the passenger to cancel the trip then bargain prices with them directly.
They do that here in America
Where in America @ mycara white?
@@dianaowusu14 los Angeles or nyc I have experienced
Happens everywhere. But the drivers and passengers have apps open and GPS enabled. If the rider cancels but both the driver and passenger end up at the original destination, the driver will eventually be dropkicked.
This happens in Kenya as well. Trips always cancelled and the driver takes the money for himself
I'm sure a lot more people would show interest in your new channel or its nebula equivalent if we had any idea what it is about
Think of HAI but with his beliefs, 4-7 mins long
Came here to say this
First 2 topics are “a tomato is a vegetable” and “Fahrenheit is better than Celsius”
@@chicagobricks1008 oh shoot, that actually sounds interesting.
@@chicagobricks1008 that sounds a lot like rageclickbait
I remember when Didi was fighting Uber, the people basically got free ride for a year.
As a person that sat through a bunch of classes about these specific topics, you covered it extremely well without bringing in any technical jargon.
Uber is unable to generate a profit in the USA and Australia. I can't imagine why they thought they could generate a profit in China if their unable to make money in places that they have already established a strong market presence in.
I don't think they plan on making money in the current climate. They are banking on having monopolies in major cities once self-driving cars become widespread. This will allow them to have their own fleet of cars and no payroll.
@@reDMR98 let's just hope self-driving cars become a thing. If not Uber is gonna die
rideshare isnt that popular in australia
@@jorgef005 Actually I think self driving cars will be the downfall of Uber. Who needs an uber when your own car will drive you?
Because they need a good story to tell in the stocking market. The potential of success in China is what they need.
A PolyMatter vid about China? Imagine my shock
Hello good to meet you when can we have a meeting I will send fish and chips
Lol
Hi
Some people got the lucky usernames lol, i've seen a Joseph Stalin, a sans, etc.
Aha
"Uber can then take that profit & invest it into the SEA market."
SEA: haha, you should watch the next episode....
Grab: Hello? The next Didi is here waiting for you in SEA
Fun fact:Grab is a malaysian company
They have a monopoly in Pakistan right now
Yeah SEA don't play about their liberal politics.
Grab bought Uber in Singapore. Try again Uber.
China: Abuses free rides.
Simple man: Stops giving out free rides and instead tries to maybe to provide external benefits like cashbacks, gold tiers, discounted prices on mile count
Uber: *hacks apple*
Apple: Hey, stop doing that
Simple man: Okay, maybe we should stop, we could run into a very bad legal situation
Uber: *continues anyway, and blacklists Apple's HQ from the hack*
@@peterschultz573 Uberised VW Emissiongate
Uber is also out of South East Asia.
Western apps always grossly underestimate the issues with payment methods and localization. No where does this hurt more than China, Southeast Asia, and markets like Korea and Japan.
In Singapore I saw Grab as being more friendly (starting out by working with taxi drivers by providing them with a passenger taxi booking service, like Didi's business model) while Uber was seen as more aggressive (competing against taxi drivers)
Yup , in Korea they just banned Uber and used the same technology with their cabbies. Also, public transportation is very good in Korea. So peeps take a cab as a necessity and privilege. In the US public transportation is notoriously bad because of unregulated capitalism. That's how Uber became something
@@srj607able Unregulated capitalism? As in the country didn’t invest enough in their public transportation? If that’s what you mean, I agree.
@@jtr1019 As in "Car companies using their financial power to lobby against public transportation"
@@srj607able same in NZ, unregulated capitalism so Uber and UberEats flourishes. NZ govt did nothing for taxi drivers
Uber : Goddamit! We have lost 2 billion dollars.
Some Uber employee : We can sell our part to DD for 7 billion.
Also Uber : I see this as an absolute win.
Didi has lost 50 billion over the 7 years until 2020
@@Vincent-dl7ol As with most unicorns/start-ups. Companies lose tons and tons of money and might have to wait years before seeing any net profit. Amazon didnt start seeing profit until 2002, 8 years after its inception.
@@linayr8 1994 was the start of Amazon?
@@TheFrio937 ask that google fellow
@@robertoo510 It was a rhetorical question. I learned something new so I asked it sarcastically.
Gaining a 19% stake in Dede is still a MASSIVE win for Uber
Uber was doing relatively well in India. Although, UberEats failed miserable because it came very late - already dominant online food ordering companies like Swiggy and Zomato were prevalent.
Uber dominates in the big cities like Delhi, Mumbai etc from what I saw when I visited relatives in India and having to land in major city airports.
Its super popular in Bangalore as well because it is cheaper with slightly better deals/offers than it's competitor Ola.
I prefer ola
Ola has more cars but it is expensive during rush hour. Uber is cheaper but takes a lot of time to find a driver because it has fewer cars. Both have there pros and cons.
now they operate in the smallest cities too
Uber failed in a lot of Asia countries.
Because it's too expensive. I live in China, that's the main reason. From a customer's prospective.
Also in Wellington (New Zealand) where the council rejected Uber
At South East asia.. Grab just buy Uber South East asia.. . But i like when uber and grab fighting... Both side always got promotion code everyday... Right now.. Grab doesn't even give a single promotion anymore😡
@@RobertDeeWiroAAnjum in Indonesia Grab still fighting with Gojek
@@RobertDeeWiroAAnjum I remember how cheap Uber was 3-4(?) years ago; a 7 km trip in Jakarta only cost me 1 USD, sometimes even less. But then it got sold to Grab, and even with the competition with Gojek, the price is nowhere as cheap as it used to be. This is also what made me learn to drive and use public transportation more often in the first place :p
Polymatter: They can invest that money in more winnable markets like South East Asia.
South East Asia: *laughs nervously while ordering a Grab*
Uber quit from Indonesia, the largest South East Asian Country
Failed in Vietnam too. Never had to worry about Uber, crap company.
Wonder if Didi or Grab will outpace the growth of Uber outside of China or South East Asia? Every market appears better with home grown infrastructure.
In the Philippines also, they shut dowm their operation last 2018. We only have Grab now I think.
I hate when westerners belittle Asia and think they can go in market freely and grab money easily like what they did in Africa hundred years ago.
I was wondering why I don't see Uber anymore in China. The end: "Uber China was sold to DiDi". No wonder
I'm an Uber driver and they are failing in Texas also. Especially when they want to send you $3 $4 $5 deliveries, to load two bags worth of food and drive across town, and you'll spend your gas and time satisfying those, instead of waiting for a delivery that's worth doing. All Uber drivers should boycott cheap deliveries and they'll stop expecting us to do them.
Uber also lost in Singapore, Malaysia and Indonesia.
And Estonia. Because Estonia is the birthplace of Bolt.
& loosing big time in india too,they have already sold their food delivery service to local competitor
&& in Turkey too
And Pakistan idk y we use careem
Uber lost in India because of Ola. I too think Ola is better than Uber.
Tbh getting a cab in China is easy and cheap so there’s no point needing Uber
Cabs are usually less comfy.
@@momoware the ones I go on are not bad but I don’t know what type of cab u took
@@ilynanamin Huh. The cabs in my city are all really basic and have that "cab" smell.
@@momoware the ones I go in r small but they r not that vad
@@momoware by cab smell, do you mean sweaty and stinky or it smells brand new?
Currently I live in china. Wechat pay is the shit, being able to pay by scanning a QR code is just next-level impressive, and so much easier than cash. Outside of the most rural regions, people dont use cash, and even when i travelled through outer tibet (gansu) I bought milk from some herders, and paid with wechat, right next to the road!
Imagine being the CEO of Uber and dealing with all the stress of fraud and then Apple being upset with you
My Thoughts exactly, why was apple tryin protect the fraudsters 🤯🤯
Uber engineers in China be like: There are two impostors among us
Red sus
You guys play it too much
Cringe.
Emergency meeting
*Brown* - its blue
*Blue* - proof
*Brown* - you killed us
*Blue* - that makes no se--
*Blue was not the impostor*
_1 impostor remains_
Uber was not the impostor.
Uber has never turned a profit, how would going and spending billions of dollars in China improve that?
I don't think turning profit at the current stage is the goal. It seems like they are trying to get as large market share as possible before they can replace all their drivers with autonomous vehicles, which is going to bring them massive profits instantly.
They have scheduled trials for this tech for next year already if I remember correctly.
@@stepanfau6480 How would it be more profitable or instantaneous? Their current model allows them to pay for labor and vehicles when they need them. By moving to an AV model, they are forced into paying for AVs upfront and maintaining them even if they are sitting idle. My guess is that AVs are their backup plan for regions that force them into recognizing drivers as employees: maybe not as profitable, but much more so than providing benefits packages.
@@stepanfau6480 What makes you think autonomous vehicles will give uber a monopoly?
There are already plenty of taxi fleets ready to be outfitted with AI tech when it has matured, that would beat the false narrative uber had pushed for years.
Their entire business model is built on grey market regulation and beating regulators, they have more than proven they can't be trusted with their outright dirty tactics.
Uber's tech is simple to replicate, which was why it pushed so hard in the beginning and why it is slowly bleeding out now.
Gaining userbase >>>>>> turning a profit
They just infuse their profits in their operations
@@Gammashack the founder had stated many times his goal has always been a fully self driving uber. & while yes owning/maintaining the AV’s would be a slight additional cost, the savings from suddenly having zero drivers to pay would be immensely profitable.
high quality well researched video as always. Thanks!
Incredible content. Thank you!
Invest money in SEA?
Dude they lost SEA market to Grab,Gojek/Gocar, Loca, Oway Ride, etc. they lost every single battle in SEA
They still have India to conquer, so far they’re doing really well.
Is there Uber in Middle East & North Africa (Egypt, Morocco, Qatar, Kuwait, etc)?
They're not outright "losing" they are forcing mergers and taking a stake of local companies
Bruh they didn't "lose". They competed with Grab and Gojek. But Grab and Gojek has the backing of governments in different countries and Uber ultimately sold for a profit.
@@reveirg9 no, it was purely a business lost, none of these companies had backings of their respective countries
This actually surprised me!
I went to Shanghai for 5 weeks for a short university course (2016). When I went, Uber just started operating in my home town in Australia. My dad is a taxi driver and Uber basically killed his business. In China, tourists basically ruined the taxi experience... Taxis were everywhere, but it would take me sometimes over an hour to hail one; they'd just drive past me or turn their light off as they saw me. Apparently they were sick of dealing with foreigners.
I had to turn to Uber while I was in China (and when my dad found out, he was furious, but I had to as catching a taxi was next to impossible). I never realised how much of a barrier there was to riding with Uber to the locals. It seemed flourishing while I was there.
In all fairness, Uber isn't _hard_ to use, but its competitors in Asia are just that tiny bit more convenient to use. Aside from its (successful) failure in China, Uber also left the Southeast Asian market entirely, mostly down to the same reasons. Locals making an Uber-like app would know their native market better, so unless Uber gets a huge running start or comes in with a massive $ advantage, it's bound to lose ground.
Uber's seeming lack of willingness to cooperate with taxis (choosing to edge them out instead) in the US, Canada and Australia are also very different from the approaches by other apps. Didi cooperated with taxis right out the gate, and Grab/GoJek in SE Asia made amends with taxi companies after a number of clashes. So in that regard, the 'comfortable in grey area' and legally dubious nature of Uber bit them in the ass.
@TacticalMoonstone I personally don't give much weight to the 'cultural differences' explanation. As in, I think it's relevant, but not nearly as much as some believe. Businessmen and entrepreneurs are all motivated by profit, and the ones responsible for Asia's ridesharing corporations are all Western (specifically, American) educated.
Culture factors in, but it's almost definitely not the primary reason.
As a local I can certainly tell you that they drive past you or turn the lights off not because you are a foreigner. It happens all the time for locals as well, the real reason is they are conducting a "fraud drive". Basically, the cab is already occupied, but you can't tell, the taxi company can't tell since the drive never raise the "occupied" sign. Why? Because that way the drivers don't have to cut the share to taxi company, they got to keep all the fees.
Based my expedience, the reason that cab drivers didn’t stop when you waived back in 2015-2017, is because DiDi also served as taxi service call, when those taxi drivers got Didi customers, they have green light on, but to rush to pick the customers. After 2018, the taxi have a sign “Pick up” for this type of business. Passengers with Didi App, can call three different type services, 1) Didi own service, 2. Third party business level service (some are limo, some are 7 seats mini van, all the cars are high end luxury model, with bottled water and fruit etc) 3. Taxi service. Taxi drivers use Didi app to get business too. This is how Didi got accepted in many cities due to this feature. In some cities they even have call ratio imposed, 100 calls, 20 of them must go to taxi.
I am sorry to hear about that, but honestly, I advise you to learn Mandarin before going to China. It is so handy to use Madarin App to call caps in China, which is much faster than Uber. Unfortunately, China nowadays becomes English unfriendly. I recon the gov just wish to limit the people’ capacity to speak English. Therefore, highly suggest people to learn Chinese before going there
Would love it if you had expanded more on why Uber was operating in the grey area. What's illegal about matching drivers with riders?
The whole thing is complicated. The short version is that Uber underestimated the market conditions in China. Everyone who’s been to China can safely say that Google Map is useless in China. Past experiences tell us that whoever try to convince Chinese consumers to give up their old habit can be punished severely by the market and sometimes even by the government.
How do you expect people to check out your new channel if there literally no content on it. I get you wana push Nebula/Curiosity but jeez at least have A video on that new channel. An introduction, teaser, full vid, a hi, anything.
Exaclty lol, at least was expecting a little explanation on what kind of content he would upload
"Why Polymatter's new channel failed."
@@quitlife9279 lol
+@@quitlife9279 Now, Wouldn't That Be A Top 1 TH-cam Trending.😅👏👏👏 #ViewersBigBrain
Wait so they can afford to spend $40-$50 million a week, but they can't pay their workers?
or more like don't want to
That's just how with be with capitalism. Workers of the world, unite! (In labor unions for example or by voting for labor-friendly governements. It doesn't necessarily have to be anything extreme like a revolution).
^ this.
Those 40-50M were investiment a week are onetime. Workers share is an expense for ever and we all know uber rides doesn't make money. That 1B they used was money from their investors to be used in marketing to grow. A one time thing that failed hard but could result in millions of riders and drivers.
@@nocivolive Eh, I don't think people understand the difference between an investment, and try to get a bigger market, and just increasing their operational costs. You can't blame them, and it takes a wall of text to explain why they are wrong, while their argument is nice and short, just what ppl need :)
Great video, it was very informative.
Excited about your new channel
Uber also failed in South East Asia as it couldn't complete with local competitors (Gojek and Grab). They sold Uber South East Asia to Grab, a Singaporean company. 10:03
The founder is malaysian but moved his company to sg..
@@rose-vg5es oh really? I actually had no idea
@@nathaliesurya yea..
gojek is an Indonesian company.. There is only one Singapore Company.. PAP! haha
Its funny, as you said we would have to wait and see what happens. The kinda same thing happened with Yahoo and Japan, and out of the whole Yahoo expansion to Japan, the only thing that it got back was shares in Soft Bank. And that ended being the only valuable thing for Yahoo at this time :D
As a loyal Uber driver, its still shocking to me how the company still keep losing money to this day! Just terrible management in general who treats their drivers like shit
Talk about 7-eleven’s recent success in China.
They seemed to be doing better than many native supermarkets.
Honestly screw Uber. I don’t feel bad for them at all.
Let me tell you that public transport is way more famous in China maybe due to big population
Uber on the other hand is not a public transport so it failed there
@@divitkarekar5803 i mean depends what you mean by 'famous'. If you mean used more than ofc there are more public transports available than taxis and public transports are more affordable. Im sure most people living in a city knows taxis and Didi
Uber is like a High Profile scam. lol
@@reflex1on590 Heard Didi is also facing regulatory crackdown in China though?
@@texrex1381 to the customers?
Wow, posting time zones for multiple places around the world AND correctly accounting for the confusing DST switch around the world?
Respect.
amazing content. thank you!
I don't use credit card in China but I was forced to apply for one especially to pay for food on US flight and check in hotels in US. Some US systems are crazy like I was rejected check in at a hotel in New York because I couldn't provide a credit card copy. They further rejected cash deposit even if the hotel has been paid online beforehand. United Airline does not accept cash and debit card.
How to make any topic interesting: A Polymatter Masterclass
Holy shit, the hacking + location checking to avoid Apple scrutiny is frankly kind of disgusting. Adding that to my list of reasons to never use Uber
Okay Karen.
Shits, whats a company supposed to do when there are such great schemes lol
It's funny cus apple are the ones using your data anyway with no restrictions. Atleast Uber were using it for a good reason.
@@Alex632 you may disagree whether that hacking was ethical or not, but how is that a "Karen" behaviour? Y'all literally be creating boogeyman figures out of nowhere.
Just a side note: B-roll of 9:53-10:00 is not of PRC. The cabs and street signage are demonstrably Taiwanese.
Now that was interesting as hell!!! TY
- Been a UBER driver for 2 days now
3 months now?
To want to conquer Rome without understanding the basics = failure. - Asian Food Nerd
Sure miss the golden days of it where one could hire a supercar for a ride.
Very interesting thanks for the video.
Didi are now trying to compete with Uber & Ola here New Zealand. I have been getting ads from Didi saying that they are coming to NZ soon
3:00 Google maps is bad because the Chinese government requires the map to be imprecise.
cHiNa BaD MuRiCa gOoD
@@bruhmoment1835 en.wikipedia.org/wiki/Restrictions_on_geographic_data_in_China
@@bruhmoment1835 Did GFmaniac say something wrong? It's the truth. South Korea also gives imprecise map data to Google because they refuse to censor certain parts of their map. www.csmonitor.com/Technology/2016/1118/Why-South-Korea-refuses-to-share-mapping-data-with-Google
Wtf
Google map is voluntary participating data around the globe. If local doesnt want to update the map. That is why the map is crap. Map is something that u cannot captured from satellite image, or other means of photogrammetry. To produce that digital map require a lot more. That is why data from google map sometimes crap. It dependa on participant
Polymatter: *C H I N A*
Uber only managed to get anywhere in America is due to its lack of public transport infastructure and its ridiculous dependence on cars to go anywhere.
Thanks to the interesting video. The whole Ubers failing isn't really new in Asian nations. In my nation of South Korea Uber also failed completely, because all the cab drivers were highly skeptical of the system as well. Thanks for the interesting video.
I travelled to China (Beijing) for the first time in June 2015, I now understand why Uber was such a nightmare experience there at the time!🤦🏻♂️
why
I lived 6 years in China and never needed a phone app to find a cab. So many roaming the streets.
@@smcdonald9991 Didi in China was amaing when I lived there. Always a ride within 3 minutes, always had discounts that made the ride either free or cheap.
God now isn’t this wonderful
,
@@columbus8myhw *c o m m a*
Amen!!
Its not the real reason why its because didi is paying the officials
@@xexpaguette I prefer Milk before cereal
I took one Uber ride in 2016 from Guangzhou to Shenzhen going across a typhoon. Most surreal and terrifying experience in my life. Dude was taking videos and absolutely no cars around. Only time.
Pls where's the source for the info at 3:40 "Uber needs on average 2.7 rides to turn a person into a permanent customer" ?
I could use it in my seminar work, but I couldn't find it in the linked sources. Is it from the book Super Pumped?
Imagine if they took the $2 billion and paid their workers.
that's not how capitalism work
I mean, yes, that money was exactly used to pay their workers, otherwise why would they need to spend money.
imagine that a chinese worker makes more than your whole family legacy
I honestly think they would have succeeded if they spent a fraction of that money to "build up relationships" within the government. In china, nothing is possible without the right friends, everything is possible with the right friends.
Imagine if you just paid more for the service you require? No? Then keep it shut.
uber fails in china
london, a city: hold my restrictions
There are enough taxis in London to diminish the need for Uber anyway
@@thetimelapseguy8 isn't the main selling point of uber that it is cheaper than taxis?
So how does the number of taxis in london diminish the need for uber?
@@Jehty21 Well in London time is worth more than money. As there would be so many taxis to choose from, there would likely be one nearby, so no one would wait for an Uber taxi to save a bit of money.
Unless of course Uber really took off in London and had Uber drivers everywhere
@@thetimelapseguy8 Paying for black cabs is a long gone myth now. I use Bolt from time to time which costs around about £10 a journey. Black cabs and other taxis charge between £15-30 for the same trip. Uber and Bolt have a strong foothold for that specific reason.
@@thetimelapseguy8 If what you're saying is true, then standard taxi companies would survive without restrictions. With that in mind, the restrictions are just a way for taxi companies to screw over the consumer by limiting competition.
9:53 is in Taiwan , uber worked pretty well there
Uber also kinda failed in Singapore and Indonesia, it was absorbed by Grab Singapore and unable to compete with local player such as Gojek, it also stopped operations in other SEA regions.
Basically they lost in china and SEA
I lived in Chengdu for a while, Uber rides would always be one to two minutes away and then quit. Taxis were much more convenient.
China and Indonesia, both rejecting Uber: 🤝
Uber didn't go bankrupt in Indonesia by the way, it was acquired by Grab a few years ago.
what do Indonesians use grab taxi?
@@vikasagarwal9205 Grab and GoCar
ISP
You’re everywhere
Extremely well-written video. Informative, factually correct, and nuanced. Was this really made in 2020?
Can't believe I found this channel today!
Me And The Boys playing King of the Hill
“A Hill to Die on”
when our comrades have been supporting the soviet union so much that we mistake the Chinese flag for the soviet one
Someone salty losing to the Chinese flag one in a war.
Please tell me what you guys are talking about
@@jeffbenton6183 its a reddit joke
@@aussieboy4090 immature and also very stupid
karen jokes 101
Man, whenever I hear about ANOTHER U.S. company failing in the Chinese market, I become even more shocked that Coca-Cola & Pepsi have somehow managed to coil their tendrils so deep into that seemingly impenetrable market.
Good food is always welcomed in China. KFC and Mc's are a thousand times better in China than in the U.S. and oh my god, Burger King is the real King there.
@@RandomGuy-ghs Chinese pizza hut is also amazing, legit a nice family restaurant with a decent environment
That's comparing chalk and cheese. Food is a direct sale. If customer likes it, they will buy more. Uber is a knowledge product sold by people who don't do their homework in foreign markets, or address the limitations of their business model.
Also, unlike the US; china does have a subsided, functional and usefull public transportation system with busses, trains and metro
Uber: Try to dominate Chinese market.
Meanwhile in ASEAN countries: gives its services to Grab.
True, Uber was winning hard here in the Philippines and then one day they sold themselves to Grab. Now Grab has monopoly here.
Grab has monopoly at Malaysia, it is getting worst.
@@jun_suzuki42 In Indonesia we have Grab vs Gojek duopoly competition.
One correction: Google Maps is not BAD in china, it's BANNED in China.
Absolutely true, the Chinese government has the right to modify Google maps whenever they wish
You are talking retrospectively. Google Maps was not banned when Uber launched.
Google quit China in 2010, but left the translate and the map service provided by google.cn. The translate service still works but the map service was shut down in 2019. However, due to the slow updating of information and China's special conversion algorithm for map coordinates, Google Maps is really bad in China.
Not banned. Fake news.
They quit, nit banned
The exact same thing literally happened to Southeast Asia. The entirety of Uber SEA was bought up by Grab.
It’s like a cocky gang storms into another gang’s territory looking for a fight. The other gang didn’t do much to knock off the cocky one. The cocky gang then gave up and pledged allegiance to the other gang they were once so ambitious to conquer. Now convince me how is that successful business for the cocky gang😅
Because the cocky gang likes money too?
Hi polymatter!
Here are some details worth mentioning between didi and Uber’s competition:
Firstly, Uber was in a significantly advantaged position when it first entered Chinese market. This is because they received a huge investment from Saudi royalties, which made their market value almost 8 times the market value of didi at the time. So it is reasonable for the CEO of Uber to make those statements.
Secondly, I believe that the main reason didi was able to force Uber out of the Chinese market is because: not only did they managed to drag Uber into a tight battle in China with a relatively lower cost, they also utilised their cash by funding Uber’s competitors in US, South America and south east Asia. ***if you live in these countries you could probably remember seeing ads on social media about this weird firm called didi in the last few years***
being pushed back from several fronts caused Uber to withdraw from the Chinese market and cut a deal with didi (they swapped ownership of the firm) so that they can handle competitors from their “homeland”.
After didi funded Uber’s competitor in south east Asia, gojek and grab, Uber totally lost their market share in countries such as Malaysia and Indonesia.
Overall, I think didi is a great example for a local firm to defeat an international super giant. However, I do need to admit that didi is also facing a similar problem as Uber: they are both struggling to find a sustainable business model.
Haven't seen anything about Didi. Uber failed in Vietnam too - to Singapore-based Grab. Though now the market is fragmented with Gojek (Indonesia) and Be (minor player). Along with Baemin (Korea) and others.
Lol when you have a government with trillions of dollars willing to help you beat your competitor in its own national market of course you'll lose. Didi could fail 100x over and the CCP will still bail them out.
"A hill to die on", well this one has aged weirdly.
Didi also connects private drivers, not only official taxis, and it was already integrated into wechat and alipay.
Meanwhile, if uber didn't even know they had to accept alipay or wechat pay at first, then they are doomed to begin with.
7:19 that escalated quickly!
Uber after disabling the imei logging based on the location:
*_Hackerman_*
We asian, just need cheap ride to destination without having connection and reliable background...
Uber:
-Expensive ride
-Uber driver are encourage to get regular customer, stay in touch (having connection) [I prefer to not have conversation]
-Uber are not like taxi, if something happened to customer, stranger danger thing, the customer cannot complain the company..
Stop representing Asian. You can only represent youself.
@@xky8124 his representation is pretty general to be fair
@@teddytatyo that santence put it on any other race suits the same, but selfhate Asian will picture it as Asian's original sin
This seems straight out of the super pumped book. I guess its just a summary pretty much
优步 excellent step. Interesting translation, but for spending so much time in china he didn't realize no one uses credit cards?
I just started the video but let me guess: they made an alternative to uber and uber couldnt compete
they already had it
As a U.S. rideshare driver I found this really interesting.
I remember the good old time when companies are fighting for market shares, it cost nearly 1 dollar for a 30min ride.
1:07 A map without Taiwan but with Arunachal.That's strange.
They were stupid to think that the Chinese would play fair.
Absolutely.
But definitely both side had sinked a lot of money.
Tbh the chinese didn't do much to ruin uber's success. Uber didn't care to offer wechat pay like wtf? That's a huge mistake, but oh well blame it on the chinese
@@tonyqiu9542 they did offer it. Just not on launch.
@@Alex632 bruh what rank are you in league of legends
Uber died here when the government banned it (ass-backwards measure, for sure), then they came back with a contract-based premise in which you would technically rent the driver's car and would be responsible for everything that happened to it during the ride, which basically finished off the app here.
Uber Eats though is still going strong.
Profitable markets like South East Asia? In 2018 all South East Asian operations were bought over by local competitor Grab, which has since monopolized and expanded to different ventures in the tech space
He just tried to blame Chinese government regulations for Uber fails, but didn't know that Uber also failed in more open market South East Asia.
It failed in Malaysia too. I was ex user of Uber and now Grab with whom they sold their business. The problem was pricing I think so. Like Uber show 3.5 RM whereas Grab show flat rate like 4, 5, 8, 12 every time acc to distance. Many people prefer cash here so due to this customer had to pay 4 if quoted price is 3.5.
When you want to rob and end up being robbed by OG robbers😂😂😂😂
they haven't even made a profit so they failed everywhere
not after they squeeze out the others or go autonomous
@@snorttroll4379 Autonomous driving is a joke. That will only exist in USA and major cities of Europe. I wont live to see a car driving in medieval skinny roads of Europe and for sure not on crazy ass roads of the third world countries. Just Google "traffic india" (thank me later) and then imagine a Tesla there. Its ridiculous hope they have. We need more local business and local solutions not major corporations burning money for stupid ideas.
@@drac124 I agree 100%
If anybody will make autonomous driving a reality that’s Tesla. Definitely not Uber.
"a hill to die on" "stick around the end of this video to be the first to die on this hill"