“That’s where the action is,” Kalanick says in an exclusive interview with Fast Company.
Earlier this year, an internal email to investors from CEO Travis Kalanick revealed that Uber intended to invest $1 billion in China. During its first nine months in the country, Uber had grown 400 times more rapidly than it had in New York within nine months of its launch there; by June, Uber was operating in China at a rate of nearly 1 million rides a day. In his note, Kalanick deemed China the “number one priority for Uber’s global team” and touted it as “one of the largest untapped opportunities for Uber, potentially larger than the U.S.”
