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Uber nears 1M trips every day in China

Discussion in 'Shanghai' started by Dreamer, Jun 11, 2015.

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  1. Dreamer

    Dreamer
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    Uber drivers are making close to 1 million trips every day in China, almost as many as on the entire ride-hailing service globally just six months ago, as it pours huge resources into one of its most challenging markets.

    The San Francisco-based company hopes to buck the trend of US tech firms that have failed to crack the lucrative and fast-growing Chinese market by investing more than $1 billion there this year.

    That sum could rise even further if Uber succeeds in raising another new round of funding later this month, specifically for its Chinese business. It would come in addition to its current $1.5 billion fundraising, news of which first emerged last month, and could value Uber at $50 billion, according to people familiar with its discussions.

    http://www.cnbc.com/id/102753537
     
  2. Milady de Winter

    Milady de Winter
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    I thought the chinese government had banned uber? Maybe uber is doing there famous disruptive thang there.
     
  3. Milady de Winter

    Milady de Winter
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    Do they get the $1 safe riders fee? Thats $1 000 000 per day. Wow
     
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