We expect to lose money in Southeast Asia: Uber CEO
Uber CEO Dara Khosrowshahi, who is currently visiting India, has said, "We expect to lose money in Southeast Asia and expect to invest aggressively." Khosrowshahi added there is a huge potential in the region, given its population and fast internet user growth. Earlier, reports suggested that Uber is planning to sell its Southeast Asia ride-hailing business to Singapore-based rival Grab.