Uber Experiencing Phenomenal Growth in China



I loved Uber with all my heart and soul, until they introduced that stupid surge charge feature that makes the price go up when the demand is high. I hate them now as a user, but I still fucking love them as a marketer. Genius idea to get more drivers on the road and make their cash registers sing. Uber must be ballin outta control.
 
Uber's best move was making sure they have the right backers. If it wasn't for the insanely powerful people that have a vested interest in Uber's success they'd be shut down already.

If I broke US laws as flagrantly as they have in my company I'd have the FBI after me.
 
I am not a big fan of any company who's competitive advantage is they break the laws.

That being said, I am still pleased to see a Western company trying to break into the Chinese market, despite the uphill battle.

The article doesn't touch on the fact that Uber is far from the market leader and faces extremely stiff competition from the me-too copy cats in China.
 

This video told me two things:

1) There are no traffic lights ON THIS EXACT CROSSROAD

2) Chinese drivers do not stop or even slow down before THIS EXACT CROSSROAD

3) It was so 9 years ago, in 2006

What can this video prove nowadays? nothing. Watch any video from 2014-15 China - all roads have traffic lights and drivers abide by the road code.

therefore - this video tells nothing about the skill of nowadays UberChina drivers.

The question you asked is relevant still - who ensures passenger's safety? Cab companies pay your insurance if you got into road accident, what about Uber?

This applies both to China nad the rest of the world.
 
^^^ That video was taken from a university. Since universities normally attract individuals a standard deviation or so higher in IQ than the masses, the video says a lot.

PS I just posted it because it's funny.
 
Used Uber everyday for almost a year & loved it for the most part. You definitely get drivers from all walks of life ;x
 
I just returned from a 3 month stay in Shanghai and I'd say I narrowly escaped death half a dozen times just walking the streets. They don't yield for anything. Ever.
 
Additional Information about the article.
Is there something we can learn from China’s double-digit growth amidst the financial and economic crisis gripping the world? In contrast, the United States – from whom we take our policy cues – has piled up debts almost equal to its $14.25 trillion gross domestic product; unemployment is running high. Along with the other big capitalist countries, the US today is uncertain how and when recovery will come about.
This year China surpassed Japan to become the world’s second largest economy next to the US. China’s per capita income, according to the World Bank, rose from $410 in 1975 to $6,567 in 2009. GDP is well over $5 trillion and international reserves are at $2.45 trillion.
Most American economists assume that China’s rapid growth has been due to its adoption of capitalist economic principles in lieu of socialism. The US welcomed China’s entry into the World Trade Organization, thinking it would then have to follow the WTO’s US-designed rules. But instead, China joined the group of developing countries in resisting US pressures, calling for reforms in the WTO, and stalling further liberalization of trade and investments that had done harm to their economies.
 
Additional Information about the article.
Is there something we can learn from China’s double-digit growth amidst the financial and economic crisis gripping the world? In contrast, the United States – from whom we take our policy cues – has piled up debts almost equal to its $14.25 trillion gross domestic product; unemployment is running high. Along with the other big capitalist countries, the US today is uncertain how and when recovery will come about.
This year China surpassed Japan to become the world’s second largest economy next to the US. China’s per capita income, according to the World Bank, rose from $410 in 1975 to $6,567 in 2009. GDP is well over $5 trillion and international reserves are at $2.45 trillion.
Most American economists assume that China’s rapid growth has been due to its adoption of capitalist economic principles in lieu of socialism. The US welcomed China’s entry into the World Trade Organization, thinking it would then have to follow the WTO’s US-designed rules. But instead, China joined the group of developing countries in resisting US pressures, calling for reforms in the WTO, and stalling further liberalization of trade and investments that had done harm to their economies.

China's wealth will end up being Khazar'd.