Uber has already made billions from its exits in China, Russia and Southeast Asia

Uber has already made billions from its exits in China, Russia and Southeast Asia

5 years ago
Anonymous $fWzGa1uP8i

https://techcrunch.com/2019/04/11/uber-global-exits-billions/

Uber’s exits from China, Russia and Southeast Asia were billed as failures from the company, but the ride-sharing giant has already made billions on paper from those moves, according to its IPO filing.

Uber released its much-anticipated S1 on Thursday U.S. time and reporters and analysts are frantically digging into a treasure trove of previously-unreleased details. A number of sections on Uber’s global divestitures begin to paint a clear picture of the strategy that Uber employed when leaving China, Russia and Southeast Asia in recent years.