An anonymous reader writes: China's minister of transport Yang Chuantang has warned that the current round of ferocious price-wars among China's leading ride-sharing app providers, including Didi Dache and Uber, represents an attempt to kill local competition with massively-subsidized price cuts that will not subsequently be sustained. Chuantang, speaking at the annual national assembly in Beijing, said that the subsidies "are aimed at occupying more market share within the short term and is competitively unfair for the taxi industry. It is unhealthy and cannot be sustained in the long term." Uber is currently investing (or, arguably, losing) $1 billion a year in its attempts to consolidate a place in the Chinese ride-sharing market.
DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Also, Slashdot's now on IFTTT. Check it out! Check out the new SourceForge HTML5 Internet speed test! ×