If you were the betting type, however, you’d have said that if any western company were going to crack China, it would have been Uber. It has oodles of money, already operates in over 500 cities worldwide, and is led by a fiercely aggressive CEO, Travis Kalanick, who from the outset designated capture of the Chinese ride-hailing market as a key strategic goal for his company. In pursuit of that goal, he spent much of the last two years in the country and avoided most of the mistakes that naive western outfits make when they arrive in China. So if Kalanick has decided that the game isn’t worth the candle, then it’s time for the rest of us to ponder the implications of that conclusion. Get the full story at The Guardian