You really think the Chinese government is going to hand over the country's taxi market to a foreign led/managed/owned company? LOL
The fact that you are comparing Travis to the CCP in the same sentence is laughable, as if he has some magical power that will allow him to defy papa Xi in his own country!
China is merely allowing Uber to experiment and establish the concept of ride-sharing in China. Once that happens they will steamroll them over using every trick in the book, including ironically, lots of regulation!