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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
Published Tue, Jun 9, 2015 · 09:50 PM
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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, in a bet that its exceptional rise in the US can be matched in China.
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