Skip to Content
A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily.
  • Title
  • Company

What happens when you invent a new business model, upend an industry on multiple continents, raise vast quantities of capital (at an eye-popping valuation of $68 billion), provoke regulators worldwide, and nickel-and-dime your drivers while trying to replace them with robots? If you’re Travis Kalanick, people start rooting for you to fail. It certainly looked as if Uber got its comeuppance in China this year, when it sold its business to homegrown rival Didi Chuxing. Maybe so. It was also a shrewd capitulation in that Kalanick who had invested billions of Uber’s money and many hours of his life on the China quest gained Didi as an investor and removed a costly distraction. Next step? An initial public offering of Uber shares sometime in 2017.