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"The company said it completes more than 11 million rides a day, with more than 87 percent of the market for private car-hailing in China." If they make $1.00
by davidiach 10y ago
"The company said it completes more than 11 million rides a day, with more than 87 percent of the market for private car-hailing in China."
If they make $1.00 for each ride, that's already more than $4 billion in revenue per year.
- ndirish1842 10y agoChina is still a developing market for ride hailing/sharing. The margins aren't that good. In fact, with the amount Uber/Didi are spending on driver/rider acquisition, they're both probably bleeding cash like crazy.