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

BOAO, China (Reuters) - Ride hailing app company Uber Technologies Inc [UBER.UL] 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.

from Reuters: Technology News http://ift.tt/1pLgFsI