Uber’s fiercest competitor in China is now worth $25 billion — Quartz

Earlier this year, Uber CEO Travis Kalanick offered up a simple explanation for why the ride-hailing company is burning through $1 billion a year in China: “We have a fierce competitor that’s unprofitable in every city they exist in, but they’re buying up market share.” That competitor is Didi Kuaidi, a Chinese taxi and ride-hailing…

via Uber’s fiercest competitor in China is now worth $25 billion — Quartz

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s