Harry here. I’ve been really fascinated by how much money Uber is spending in China, and I’ve always joked that they’re like the ‘Lyft of China’. They are up against some stiff competition, and it doesn’t seem like they’re doing too well. And even though they keep spending more and more money, I’m not convinced that it’s going to work out.
Today, RSG contributor John Ince takes a look at Uber’s foray into China, a big fine handed down by the CPUC, and data about Uber’s yearly revenue.