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

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…

Source: Dutch Caribbean News Uber car-hire app losing bn in China every year

LEAVE A REPLY