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Gulf states caught between US and China

FT News Briefing

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Navigating Profitability in Ridesharing and Delivery

This chapter examines the financial growth of a key ridesharing company, detailing its extensive use of subsidies to build its user base since 2009. It assesses the challenges of maintaining profitability, especially regarding food delivery services and the importance of diversifying into new markets like grocery and alcohol delivery.

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