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Uber's Burning $1 Billion a Year in China - VICE News

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Newsweek

Uber's Burning $1 Billion a Year in China
VICE News
US-based ride-sharing giant Uber admitted that it's burning through more than a billion dollars a year in China, as it fights a fierce price war against local rival Didi Kuaidi. "We're profitable in the USA, but we're losing over $1 billion a year in ...
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