![]() and Canada-account for nearly three-fifths of its revenue. ![]() Uber does business in more than 70 countries. It has made significant progress, including a deal last year to list all New York City taxis on its app, but some countries are a bigger challenge. Uber has invested billions of dollars in its global expansion plans, and expressed a goal of having all the world’s taxis listed on its app by 2025. Homegrown players similarly beat out Uber in Southeast Asia and China in recent years. In South Korea, regulators blocked Uber-style private-car ride-hailing services, and local app Kakao Taxi rose to dominance capitalizing on ties with the domestic taxi industry. Local players in other markets overseas have also had success in combating Uber after observing the company’s rise in the U.S. The market will continue to be a large part of its global mobility strategy, it says. Uber says it is investing and growing in Japan, including with its successful Uber Eats business. Kawanabe is chairman of Go, which declined to make him available for comment. “Go is uniquely designed for Japan and to work within its regulatory environment," said Stephanie Hui, Goldman’s global co-head of growth equity. Go recently drew investment by Goldman Sachs. The rest is largely split among Uber and two other companies. "But the headline is still that there was a great deal of excitement here, that this is a major milestone for Uber, which just opened 10 years ago and has changed the face of travel and has ambitions to change all sorts of other things too.Go says it now controls nearly three-quarters of the Japanese mobile ride-hailing market. She added: "There are big challenges in the way - it has to drive its costs down, it has to push for the driverless car experience and all of those things are difficult to do while still growing. ![]() Sky News US correspondent Hannah Thomas Peter was in New York for the launch and said there was "high interest but real investor concern about whether or not Uber is going to be able to make itself profitable". More than 5.2 billion trips were completed using Uber last year - delivering food and giving rides to its 91 million passengers.ĭespite this, the California-based company has lost about $9bn (£6.9bn) since its inception and has warned it could be years before it makes a profit. Image: As well as ferrying passengers around, Uber delivers food to its 91 million customers On Thursday, the company said it had reached a settlement with tens of thousands who claimed they had been improperly classified as contractors, at a cost of up to $170m (£130m). Uber has been trying to make amends with drivers. Some Uber drivers have also been accused of assaulting passengers, and one of the company's self-driving test vehicles struck and killed a pedestrian in Arizona last year while a back-up human driver was behind the wheel. The firm was also accused of covering up a computer break-in that stole personal information about its passengers. ![]() Uber has faced several controversies in recent years - including claims of sexual harassment within the company and allegations that it stole self-driving car technology. Earlier this week, Uber workers in the UK and US went on strike, with some drivers claiming they struggle to make ends meet despite working long hours. Image: Travis Kalanick's stake in Uber was set to be worth around $5bnĪ windfall for drivers may not be forthcoming, however.
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