Uber Chief Executive Travis Kalanick has said the company was losing $1 billion a year in China; eliminating those losses makes an IPO more likely. The recent sale of Didi China business may clear the way for an initial public offering as the company no longer has to incur the $ $1 billion of losses it was racking up trying to compete with Uber's in US . Uber may also be motivated to go public by slowing revenue growth as it reaches market saturation in the China and increased pressure from rivals in other markets.
The recent sale of Didi China business may clear the way for an initial public offering as the company no longer has to incur the $ $1 billion of losses it was racking up trying to compete with Uber's in US . Uber may also be motivated to go public by slowing revenue growth as it reaches market saturation in the China and increased pressure from rivals in other markets.