What Does Uber's Retreat Say About the Ability of U.S. Internet Innovators to Succeed in China?
In early August, news broke that Uber would sell its China business to Didi Chuxing, its largest rival on the Mainland. Uber is just the latest in a series of tech companies—including Google, Twitter, and Amazon, among others—that found the Middle Kingdom a tough nut to crack. What lesson can other internet innovators learn from Uber’s retreat in China?