Is the ride-hailing business sustainable?

CONSIDER the following facts – the top-five ride-hailing companies have a combined valuation of close to US$183.5bil (RM770.1bil), having raised US$83bil (RM348.6bil) from both private and public offerings over the years, but to-date, are all loss-making with cumulative losses in excess of US$50bil (RM210bil).

Globally, one of the most sought-after business models within the start-up space has been the ride-hailing business.