Travis Kalanick says Uber is “sustainably” losing $1 billion a year in China - Quartz

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Quartz

Travis Kalanick says Uber is “sustainably” losing $1 billion a year in China Quartz Last month, Uber CEO Travis Kalanick confirmed what many suspected: The ride-hailing company is burning cash in China. “We're profitable in the USA, but we're losing over $1 billion a year in China,” he said at a “fireside chat” in Vancouver. Alarmed? Uber Profits Elsewhere Support 'Sustainable' Spending in China: CEONewsweek Uber faces nasty battles globally with Ola, Lyft, other rivalsLivemint Uber Using Profits From “Elsewhere” To Fund More Than $1 Billion Losses In ChinaThe Tech Portal all 10 news articles »

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