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This time the gravy train seemed to be flowing without an end in sight.
Not going to stop anytime soon. Partly fueled by cheap money.
The exact same phenomenon can be seen by the bike sharing companies.
Only difference is that Uber and Grab can be very profitable if one manages to monopolize and force the other party out.(Or merge, can happen) Bike share, there is no foreseeable route to profitability at all.
There was a bread war(for those old enough) that went on between gardenia and sunshine(incidentally held by listed companies here as well and both are doing well now). So my best guess they will somehow work itself out, incentives to both the drivers and the customers will stop sometime in the future. So enjoy the cheap promo fares and free bicycle rides while you can, chances are they wont last forever.
Not going to stop anytime soon. Partly fueled by cheap money.
The exact same phenomenon can be seen by the bike sharing companies.
Only difference is that Uber and Grab can be very profitable if one manages to monopolize and force the other party out.(Or merge, can happen) Bike share, there is no foreseeable route to profitability at all.
There was a bread war(for those old enough) that went on between gardenia and sunshine(incidentally held by listed companies here as well and both are doing well now). So my best guess they will somehow work itself out, incentives to both the drivers and the customers will stop sometime in the future. So enjoy the cheap promo fares and free bicycle rides while you can, chances are they wont last forever.