Comments
Uber Technologies Chief Executive Travis Kalanick said about 30 per cent of the ride-hailing company's trips now take place in China, underlining how important the world's second-biggest economy is to Uber's global growth ambitions.
Speaking on Tuesday at a tech conference hosted by the Wall Street Journal in Laguna Beach, Calif., Kalanick said Uber's market share in China has climbed since the start of the year and now stands at about 30 per cent to 35 per cent.
Although the company faces stiff competition from Chinese rival Didi Kuaidi, Kalanick said he relishes the challenge. "We're still number two, so we still have a long way to go," he said.
"There are a lot of things we don't know about China, but what an interesting problem to solve," he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.