QUOTE(river.sand @ Apr 11 2018, 10:21 PM)
The reason Grab could beat Uber was because of money from Softbank.
If Mycar is not backed by big investors it can't challenge Grab.
errr...Softbank is also Uber's largest shareholder.
i believe uber exits market becos it was over its head when it planned a world domination, fighting, competing & investing in every part of the world.
it wasn't 100% failed plan, i mean, if they sit in their own backyard only, rest of world (like grab) will come out with their own version of uber and uber will be too late to enter that market once its matured. so it needs to makes its presence felt in every part of the world.
ultimately, all startup want to attract investors. uber did that with flying colors.
plus they have this huge ambition of investing in self-driven cars, not without sense. same like DIDI's plan for the future where almost everything is automated.
well, its a lot of money to be spent in R&D of this super new & ambitious tech. just like tesla, they'd be burning tons of cash before a single meaningful successful experiment.
and most important of all, uber did not 'just' close shop in SEA. it is now a shareholder of Grab & Didi.
so it can concentrate on its own backyard & plan while still have its presence in rest of the world.
if i were softbank, i also dun want the 'brothers' to keep fighting for 1 pie and both ended up with crusts only.
keep the pie already in hand and go grab (no pun intended) another pie from somewhere else, and/or defend the pie someone else is trying to fight for.