Re:Apple invests $1B in Chinese ride-hailing service Didi Ch...
by ndirish1842 on Friday May 13, 2016 @12:23PM
(#11691281)
China is still a developing market for ride hailing/sharing. The margins aren't that good. In fact, with the amount Uber/Didi are spending on driver/rider acquisition, they're both probably bleeding cash like crazy.
If they make $1.00 for each ride, that's already more than $4 billion in revenue per year.