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Uber's CEO says the company is burning $1 billion a year in China - Quartz

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Quartz

Uber's CEO says the company is burning $1 billion a year in China
Quartz
It's no secret that Uber is burning cash in China, the only question has been how much. The answer, per a recent interview with Uber CEO Travis Kalanick, is more than $1 billion a year. “We're profitable in the USA, but we're losing over $1 billion a ...
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