Uber’s growing popularity in China raising concerns

World Today

In its letter to investors, first published by the Financial Times newspaper, Uber said its riders are completing almost one million trips per day in China. The firm also plans to expand its services to 50 cities, from the current 11 that the service is now in, over the next year. CCTV America’s Xu Geng filed this report.

Uber\'s growing popularity raises question of illegal operation

Uber\'s growing popularity raises question of illegal operation

In its letter to investors, first published by the Financial Times newspaper, Uber said its riders are completing almost one million trips per day in China. The firm also plans to expand its services to 50 cities from the current 11 over the next year.

More details:

  • Uber’s growing popularity in China has propelled it into the spotlight of local regulators who deem its operation largely illegal.
  • The growing private car hailing service also spurred strikes from officially licensed taxi drivers who must pay high monthly rents for their vehicles.
  • Earlier this month, Shanghai launched an officially-approved online taxi service platform, merging the four largest local taxi companies and the two most popular taxi-hailing apps.