Uber says local market key to its future
Uber Technologies CEO Travis Kalanick said about 30 percent of the ride-hailing company’s trips now take place in China, underlining how important the world’s secondbiggest economy is to Uber’s global growth ambitions. Kalanick told a tech conference on Tuesday in California that Uber’s market share in China has climbed since the start of 2015 and now stands at about 30 percent to 35 percent. by 2017, experts said at an ongoing tourism forum in South China’s Guilin City. In 2014, 1.72 million people from the Chinese mainland booked cruises, up 43 percent yearon-year and 20 percentage points above the average in the Asian-Pacific region. China is currently the eighth biggest cruise market in the world. in the supercar maker outstripped the stock available. Majority shareholder Fiat Chrysler Automobiles NV, which is selling a 9 percent stake in the iconic Italian brand, priced 17.18 million shares at $52 each, according to a statement on Tuesday, after offering them for $48 to $52 apiece. Including debt Ferrari will take on from Fiat, the company will have an enterprise value of about $12 billion. Wednesday in a statement. That compares with 57.1 million tons in the same period a year earlier and with a median of 61.9 million tons of three analysts surveyed by Bloomberg.