China forces Uber to close shop in Macau

By imposing steep fines on its drivers Chinese-ruled Macau has ensured that the company’s services comes to an end in the region.

In what has been described to be a blow to embattled ride services giant Uber Technologies Inc, the company has disclosed from July 22 it will be suspending its services in Macau since it has not been able to unlock the full benefits of its services in the region.

Incidentally, this is the second time it will suspend its operations in Macau.

The move comes midst steep impositions of fines on its drivers by China. In September did an about turn on its decision to close shop citing support from residents.

“We are already exploring ways to serve the city again, and have had initial discussions with business partners, including transport operators and hotels,” said Uber on its website.

Although Macau may not be a big market for Uber, it nevertheless adds to the list of countries its operations have run into regulatory headwinds, which include Japan and Korea. Its drivers continue to face a legal battle in Hong Kong.

In Taiwan however, the company made in comeback in April, after two months of suspension, following talks with authorities.

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Categories: Creativity, Entrepreneurship, Geopolitics, HR & Organization, Strategy, Sustainability

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