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.
- Supreme Court Overturns Roe v. Wade, Undoing Constitutional Right to Abortion
- What the Supreme Court’s Abortion Decision Means for Your State
- The Failure of the Feminist Industrial Complex
- The Fight Over Abortion Has Only Just Begun
- Column: How Stereotypes Shape the Language People Use
- Everything We Know About Beyoncé's New Album, Renaissance
- Homes Made from Straw or Fungi Can Now Get You a Cheaper Mortgage in the Netherlands
- Going on Vacation This Summer? Welcome to the 'Revenge Travel' Economy