That doesn't mean they're not subsidizing individual markets to remain competitive though. It just means the average is marginal.
IIRC Uber lost $2B on the Chinese marketing simply because of subsidies.
IIRC Uber lost $2B on the Chinese marketing simply because of subsidies.
uber pulled out of china in 2016 ...
its really weird to point to what uber did more than 7 years ago as non public company with no public reporting requirements, and try to use that to refute publicly reported numbers from today.