Uber spending YOUR commission in CHINA!

Thatendedbadly

Well-Known Member
Kalanick admits it.
Hes siphoning off revenue from his top 30 Western cities and using it to bolster up his 1 billion per year loss on Uber China:
http://venturebeat.com/2016/03/25/u...pport-sustainable-spending-in-china-says-ceo/

"China’s transport minister said earlier this month fare subsidies and the supplementing of driver wages by ride-hailing companies were competitively unfair and unsustainable in the long-term."

Gonna guess that those folks assembling iPhones in China can't afford Uber, China is a big market but can Uber actually be profitable there?
 
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