Uber on track to post a $3B loss for 2016 as revenue and bookings soar, new report says Uber’s rapid growth has continued this year, even after deciding to leave China, but so has its losses. The ride-hailing… Read More
Uber merges China business with rival Didi after fierce battle, gets 20% share of combined company Uber’s China business is merging with Didi Chuxing, the country’s top ride-hailing company, in a deal that will help Uber shed massive… Read More
Apple invests $1 billion in Chinese ride-hailing giant Didi; Uber CEO tweets about ‘#ridesharewars’ Apple is putting some major cash behind Uber’s fiercest rival in China. The Cupertino, Calif.-based company is investing $1 billion in… Read More
