Uber profits elsewhere support 'sustainable' spending in China: CEO

Uber profits elsewhere support 'sustainable' spending in China: CEO

12:00 AM
BOAO, China (Reuters) - Ride hailing app company Uber Technologies Inc [UBER.UL] is generating more than $1 billion in profit a year in its top 30 cities globally, and partly using that money to bankroll its expansion in China, Chief Executive Travis Kalanick said in an interview.











from Reuters: Technology News http://ift.tt/1pLgFsI
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