Uber Says its Global Ride Bookings Will More Than Double in 2016

Ride-hailing company Uber is telling investors that its total bookings will reach $10.84 billion, and more than double in 2016 to $26 billion, according to a report by Reuters.

The report estimates that these figures would generate this year roughly $2 billion in revenue for the company, which takes 20% of booking revenue.

The data come from a slide show Uber prepared with the help of Chinese bankers. The company is planning to aggressively build out its operations in China, and to continue to enter new U.S. markets, such as Albuquerque, N.M.

Uber made news earlier this year as reports in Bloomberg and Gawker showed that Uber continues to loose money, even though revenue growth and — most importantly — investor interest remains strong.