Uber’s competitors look a much better bet than Uber itself

After Uber’s deal with China’s Didi Chuxing, investors in the world’s most highly valued private company are probably wondering if they should have put their money directly into Didi, the way Apple did earlier this year. They should be asking similar questions about Uber’s rivals in its other markets.

It’s already clear that Uber is not taking over the world.

It faces similarly tough competition in other big Asian markets, such as India and Indonesia, as well as throughout Europe. The problems Uber faces are different in every country, and so is the competition.