EDITION : English/Korean

Nav
Updated

Uber Pulls out of Macau, Future in Asia Dim

by Bien R. Gruba III / Aug 26, 2016 06:39 AM EDT
Uber Pulls out of Macau (Photo Credit Stefan Irvine, Light Rocket via Getty Images)

Uber, the world's largest ride-hailing company, is reportedly pulling out of Macau based on a report in Fortune.

According to the report, Uber will pull out of Macau on September 9. Uber has been in the gambling city less than 10 months.

Million Dollar Fines

Mike Brown, Uber's Asia Regional General Manager, shared a letter in Macau legislator Au Kam-san's official Facebook account stating that Uber's exit from Macau was due to its drivers being forced to pay a total of $1.25 million fines in less than ten months that they had operated in the city.

There are around 2,000 full-time and part-time Uber drivers and there are reports that say the drivers apparently had not yet been notified of Uber's exit.

Asian Troubles

Uber's pull out in Macau is another sign that the global giant is struggling mightily to gain a substantial foothold in Asia.

In China, it lost a very expensive two-year effort to overtake local rival Didi Chuxing. Uber eventually gave up and sold its operations to its rival for a one-fifth stake in Didi shocking Wallstreet.

In Taiwan government authorities have demanded Uber to pay a sales tax bill, which if backed up by legislation might also force Uber to exit the island. Meanwhile in Hong Kong, Uber's operations are under legal scrutiny.

Like us and Follow us
© 2024 Korea Portal, All rights reserved. Do not reproduce without permission.

Editor's Pick

BLACKPINK Rosé Hinted Group’s Contract Renewal

BLACKPINK

May 18, 2023 PM EDT - Serena Martinez

IU’s Agency Releases Statement on Plagiarism Accusations

IU

May 12, 2023 AM EDT - Serena Martinez

BTS Member RM Posts a Personal Update to Fans

RM from BTS

May 08, 2023 AM EDT - Serena Martinez

Connect with us : facebook twitter google rss

Subscribe to our Newsletter

Don't Miss

Real Time Analytics