Business
11:13, 24-Aug-2017
Uber's business continues to grow despite recent turmoil
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US car hailing giant Uber reported on Wednesday that its gross bookings rose 17% to 8.7 billion US dollars in the second quarter, as the company was still under the shadow of series of scandals earlier this year.
According to Uber, its adjusted net loss fell almost 9% quarter-over-quarter to 645 million US dollar and over 14% year-over-year.
The number of trips taken by global users increased 150% year-over-year, including 90% growth in developed markets and over 250% growth in developing markets, the start-up said. The growth number excludes China, which Uber exited last summer in exchange for an equity stake in Didi Chuxing, a Chinese car-hailing service company.
The financial information of Uber came after the Silicon Valley unicorn went through a well-publicized internal investigation into sexual harassment and other unsavory aspects of company culture, which led to the forced resignation of CEO Travis Kalanick in June.
Four US companies have recently trimmed the value of their investments in Uber, according to the Wall Street Journal.
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Source(s): AP
,Xinhua News Agency