Uber CEO says profits elsewhere support 'sustainable' spending in China

Uber CEO says profits elsewhere support 'sustainable' spending in China

A taxi is reflected in a window at the office of taxi-hailing service Uber Inc in Hong Kong, China August 12, 2015. REUTERS/Tyrone Siu

Ride hailing app company Uber Technologies Inc is generating more than $1 billion in profit a year in its top 30 cities globally, and partly using that money to bankroll its expansion in China, Chief Executive Travis Kalanick said in an interview.

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