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Uber car-hire app losing $1bn in China every year

February 18, 2016

Uber car-hire app losing $1bn in China every year
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App-based car-hire service Uber is losing more than $1bn (£699m) a year in China, as it struggles against what it called a “fierce competitor”. Uber CEO Travis Kalanick made the admission while speaking at a private event in Vancouver, according to Canadian tech news…

Uber car-hire app losing bn in China every year

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Source: http://www.sxm-talks.com/dutch-caribbean/uber-car-hire-app-losing-1bn-in-china-every-year/

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