What Uber’s China Deal Says About the Limits of Platforms
Harvard Business Review
AUGUST 10, 2016
On August 1 Uber announced that it is selling its Chinese brand and operations to Didi Chuxing for $1 billion, its annual burn rate in that market, in exchange for a 20% stake in the local competitor. Platforms are supposed to enable rapid, asset-light globalization. Are there really global network economies?
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