The consensus of 11 economists interviewed by Reuters, however, suggests an entirely different scenario, one of perpetual competition in a business with relatively few barriers to entry. Ten other economists who have studied ride-hailing agreed that the growing industry, which UBS estimates to be a $40 billion market, has room for at least two successful players, and perhaps a few smaller ones. The industry, they said, has none of the elements that traditionally have enabled single companies to control a sector. In the United States, in particular, part of Uber's attraction to investors is the chance at grabbing the entire industry. The challenge for new startups, however, is that leading companies subsidize their drivers and passengers as they prioritize gaining market share over profit.

Source: Thanhnien News August 26, 2016 10:30 UTC