Due to a combination of cultural differences and regulations designed specifically to hinder foreign companies, it’s very difficult for Western companies to operate in China. That notorious difficulty wasn’t enough to stop Uber from trying to establish itself as China’s dominant ride-sharing service, however, but despite the company’s extensive efforts, it failed. Uber announced on Monday that it’s selling its Chinese division to Didi Chuxing, its biggest competitor in China, for an undisclosed amount. Uber still dominates in just about every other country on the planet, however, so it’s not that bad.
