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  • On just about any continent in the world, you can open up the Uber app

  • and probably find a driver nearby. What started as a Silicon Valley startup

  • has now turned into a global company worth tens of billions of dollars.

  • But Uber has competition across the globe - and it's fierce.

  • It may come as a surprise to some that Uber loses money - a lot of it.

  • Uber lost $4.5 billion in 2017 and $2.8 billion the year before.

  • On the surface, Uber seems like a fairly simple software

  • in the form of an app which simply connects a driver and a passenger.

  • But underneath the surface, the company is losing a lot of cash.

  • But Uber's okay with that, with its CEO saying:

  • "Heavy losses are necessary to establish itself in new places."

  • Take Southeast Asia for instance.

  • Uber aggressively spent money on advertisements,

  • partnerships with taxi companies and regularly subsidized fares.

  • To encourage more drivers on the road, Uber started its own rental car business

  • in Singapore under the name Lion City Rentals.

  • And because of subsidies, renting a car from here can be cheaper than hiring

  • from rental-car companies like Hertz or Avis.

  • It's no wonder then why Uber's losing so much money,

  • but who are the global players forcing it into the red?

  • Let's take a look at some of the biggest ones.

  • Didi Chuxing is China's biggest ride-sharing service.

  • And given China's population is a massive 1.4 billion people,

  • Didi is also considered the world's largest ride-sharing service.

  • Uber fought hard in China for three years, burning through $1 billion a year to stay in the game.

  • And in 2016, Didi finally purchased Uber's China operations.

  • Uber would take a nearly 18% stake in Didi. It's a move that seems to be paying off.

  • At the beginning of 2018, Didi briefly passed Uber, becoming the world's most valuable start-up.

  • Uber may have given up its fight in the world's most populous country,

  • but it's still pushing ahead in the world's second biggest, India.

  • India's home competitor is Ola, which was launched in 2010.

  • Today, it has more than one million drivers across 110 cities.

  • That's far more than Uber's 450,000 drivers across 31 cities.

  • But Uber is staying put, saying business is stronger than ever.

  • Back on Uber's home turf is Lyft, which has been profiting from recent Uber controversy.

  • Lyft recently reported it has doubled its rides in 2017, a year that started with the #DeleteUber campaign.

  • Uber's CEO, Dara Khosrowshahi, even admitted late last year

  • that the U.S. market has become unprofitable because of competition from Lyft,

  • and will stay that way for at the least six months.

  • But the battle is far from over.

  • Uber is still America's number one travel app, with Lyft following close behind at number two.

  • In Indonesia, the world's fourth largest country, is GoJek.

  • Its fleet now includes more than 400,000 cars, and motorbikes,

  • which are common throughout Southeast Asia.

  • In Southeast Asia, which boasts a total population of more than 600 million, is Grab.

  • Grab was started in Malaysia in 2012, with just 10 employees.

  • Now, with headquarters in Singapore, it has more than 3,000 employees and claims four million daily bookings.

  • While those are some of the biggest players,

  • you've also got 99 in Brazil, Yandex in Russia, BlaBlaCar in Europe and Careem in the Middle East.

  • And recently, company deals among the players have made the landscape pretty convoluted.

  • For example, Didi in China outright acquired Brazil's ride-sharing app 99 in an effort to expand in Latin America.

  • So, one of Brazil's largest ride-sharing apps 99 is competing with Uber in Brazil,

  • yet 99 is owned by Didi, who actually bought Uber in China.

  • If that seems confusing, well, you're right.

  • But that's just one example of where the line becomes blurred over who's a friend and who's a foe for Uber.

  • Even though Didi bought Uber in China, Didi also invested in Careem in the Middle East

  • and Grab in Southeast Asia - both of which competed against Uber.

  • Then there's Softbank - the massive Japanese conglomerate.

  • The company has invested billions of dollars in Didi, Grab, Ola and 99.

  • For awhile it seemed like Softbank's strategy was to invest in Uber's competitors around the world.

  • But in January, Softbank secured about a 15% stake in Uber with an additional investment of $1.25 billion.

  • It's kind of like hedging your bets. No matter which companies win or lose,

  • Softbank has set itself up to win a piece of the pie, no matter what.

On just about any continent in the world, you can open up the Uber app


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B1 中級

Uberと競合しているのは?| CNBCが解説します (Who is competing with Uber? | CNBC Explains)

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    robert に公開 2021 年 01 月 14 日