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According to Reuters , 54 of the 147 trips tied for the two billionth ride took place in China. In fact, five of Ubers 10 top cities by volume are in the country. Unfortunately for Uber, China is also where its embroiled in a fierce battle with homegrown Chinese rival Didi. In January, Didi said it was operating in more than 400 Chinese cities, where analysts estimate its captured about 87 percent of the private ride-hailing market. And, oh, Didi earlier this year said it had booked more than 1.4 billion rides in 2015 alone . (Thats not exactly a parallel comparison to Uber since Didi counts taxi rides, carpooling, buses, and corporate rides, among other services, as part of its tally). Both companies are raising an enormous amount of financing to stay ahead in China as they bleed money in operations costs. But even as Ubers spending has reportedly far outpaced its net revenue, the company is at least clearly leading by a few measures.
For the original version including any supplementary images or video, visit Uber Hits 2 Billion Rides As Growth in China Soars—For Now | WIRED