I spent much of the summer of 2015 covering the absolute unraveling of Uber China, a multibillion-dollar effort that failed spectacularly. When Uber ultimately admitted defeat in 2016, Shonda Rhimes couldn't have scripted the narrative better.
This article is adapted from Lacy's new book.
Uber had devastated competitors in each market, and its Chinese competitor Didi Chuxing turned Uber's game on itself. Didi was the only ride-sharing company in the world whose resources rivaled Uber's, backed by two of the largest Chinese internet companies and several of the largest hedge funds in the...
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