Uber, which began operating in Macau in late 2015, has announced it will look for the nearest exit. On its website, Uber said it could “not secure a business environment to unlock the full benefits of ride-sharing.” The company also conceded control of Russia to Yandex. The two companies will merge their ride-sharing operations, with Yandex controlling around 59 percent and Uber about 37 percent, according to Business Insider.
In 2016, the company pulled out of Mainland China. Uber China merged with its biggest rival, Didi Chuxung, for $35 billion last August, reported Macau News.
