Uber Merger and Acquisition Strategy
Uber has been experiencing a huge competition from Didi Chuxing in the Chinese market. The tag of war between Uber Technologies Inc. and Didi Chuxing has led to Uber losing at least $2 billion in the Chinese market in the past two years. Uber is not only facing huge competition from other companies in China but also in other developing countries more so in Africa and Asia. The only market that Uber has made a consistent profit is the United States and Canadian market. According to Wang (2016), the main reason Uber has faced a huge competition in China ...
