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05.07.2014
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Travis Kalanick. Photo Facebook

Uber To Make $1 Billion Investment In China

"To put it frankly, China represents one of the largest untapped opportunities for Uber."

Controversial ride sharing service Uber plans to invest as much as $1 billion to expand into the Chinese market in the next year, according to Financial Times. This comes as the company’s drivers are near revolt over the difficult conditions that they feel they work under and the company’s failure to always pay them.

The Financial Times has revealed a letter from Uber head Travis Kalanick to investors in which he called China their, “number one priority.”

“To put it frankly, China represents one of the largest untapped opportunities for Uber, potentially larger than the US,” he added.

Source: The Jewish Business News

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