News for hackers. Stuff that matters.
Re:Uber just closed a $1B round of funding for its China branch by rahimnathwani on Friday August 28, 2015 @06:56AM (#10134710)
"I am skeptical Uber can generate any revenues whatsoever in this market."

Uber has _already_ generated non-zero revenues in China. I know because I have paid them money myself.

You are right that services like didi dache are head-on competitors.

You are wrong about calling a preferred driver. Sure, I do this when I want to pre-book an out-of-town journey or trip to the great wall.

But, if I want a car in 5 minutes, from a random part of town, there's no way I can achieve that reliably by calling a guy, even he has a 1st degree connection who happens to be 5 minutes away from my current location.

Re:Uber just closed a $1B round of funding for its China branch by contingencies on Friday August 28, 2015 @07:08AM (#10134746)
Apologies for poor word choice. I meant to indicate profits rather than EBITDA.

While you may be in the tiny-to-irrelevant minority of people in Beijing that use Uber and find it useful (probably mostly foreigners?), Beijing is not a normal Chinese city and in the scale of the Chinese market foreigners are statistically insignificant. I remain deeply skeptical "a car in five minutes" is reliably available in Beijing from Uber in many locations outside of the center of the city.

Re:Uber just closed a $1B round of funding for its China branch by rahimnathwani on Friday August 28, 2015 @08:10AM (#10134932)
Uber-like services will make money in China. I don't know whether didi dache or Uber or <insert specific company here> will still be around when they stop funding growth with investors' money.

However, car-hailing apps make more efficient use of passengers' time, drivers' time, and cars themselves, compared with passengers calling a guy. Taxis make good use of drivers and cars, but waste passengers' time as they are hard to hail in many places in large cities.

Car-hailing apps are here to stay and, in the long run, some company will make money. Whether any single company will make monopoly-type rents due to being the only game in town, though, ...