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April 15, 2014

In Aisa, Uber finds lots of taxi-app competition

  • Instead of being the game-changing phenomena it was in the U.S., Uber faces a slew of competitors in Asia that are using similar technology.
    • By KAY JOHNSON
    AP Business Writer

    MUMBAI, India — Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. There's a twist, though: Instead of being the game-changing phenomena it was in the U.S., Uber faces a slew of competitors using similar technology.

    The concept Uber helped pioneer just four years ago has transformed some markets before it even had a chance to enter them. Homegrown taxi apps are already slogging it out for dominance in numerous Asian countries.


     
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