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Uber's big spending strategy in China paying off

Big bonuses are attracting more drivers and sources say it is providing 100,000 rides a day

More Chinese are flocking to Uber, attracted by fares 35 per cent cheaper than taxis. But People's Uber, launched in October, is drawing scrutiny from local governments since the drivers are unlicensed.

Hong Kong

UBER is spending money at a breakneck rate to crack the China market - even paying its drivers more than the fares they collect.

Fat with almost US$6 billion in venture capital, Uber, based in San Francisco, is doling out bonuses up to three times the amount of its fares