Ride-hailing economics are more favorable in Southeast Asia than in US; Uber may have left its best growth prospects behind by ceding market to Grab and Go-Jek
Emerging markets outshine the U.S. in ride-hailing, as the burgeoning success of Go-Jek and Grab shows. Tweets: @rmnth , @business , @sub8u , @bopinion , @texastee , @mihirssharma , @clairejiao , and @vpiparsania Tweets: Ramnath / @rmnth : Wow. Uber drivers in the US earn 1.7 times the minimum wage. In India, they earn 7.8 times the minimum wage. What Uber Left Behind in Asia | http://www.bloomberg.com/... http://twitter.com/... @business : Uber makes much more sense in Indonesia than it does in the U.S.: 🚌 Public transport is poor 💸 Only the rich can afford cars 🚕 Millions are entering the labor force for the first time as drivers https://www.bloomberg.com/... via @bopinion Subrahmanyam Kvj / @sub8u : What did Uber leave in Asia? HSBC lays out some interesting numbers on the potential opportunity that Uber left behind in SE Asia. Also, it appears the Indian Uber driver is likely much well off than the American Uber driver 🤔http://www.bloomberg.com/ ... http://twitter.com/... @bopinion : Is using Uber better than buying a car? It depends on where you live https://www.bloomberg.com/... https://twitter.com/... Nadine / @texastee : Ride-hailing in SEA a “goldmine Uber left behind”? Thoughts? Counterarguments 1) Uber still has a stake but less risk 2) It's not ride-hailing that will make these apps any money http://www.bloomberg.com/... Mihir Sharma / @mihirssharma : Fascinating stuff in @bopinion on why Uber works better in the developing world. (Some titbits: 1. Not worth it buying a car in India if you travel less than 2700 km a year. 2. Uber drivers here earn 7.8x min wage, vs 1.7x in the US.) https://www.bloomberg.com/... https://twitter.com/... Claire Jiao / @clairejiao : Uber said leaving Southeast Asia would allow the company to double down on plans for growth. In reality, it may have left its best growth prospect sitting on the sidewalk in Jakarta. http://www.bloomberg.com/... Vinay Piparsania / @vpiparsania : Go-Jek and Grab are proving to be more successful in SE Asia markets than Uber ever was. Evidently, Uber walked away on a lifetime opportunity, having sold operations to Grab last year. http://www.bloomberg.com/...