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Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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Current price of oil as of May 29, 2026
Uber Technologies

10% of all Uber rides happen in China

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
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June 9, 2015, 11:31 AM ET
Photo illustration of logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street in Madrid
The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014.Photograph by Sergio Perez — Reuters

As popular as Uber might be in your neighborhood, the ride-sharing company is becoming extremely popular in China, according to a report in The New York Times.

Uber provides around 100,000 rides per day in the country, about 10% of the 1 million rides the company gives per day worldwide. These numbers were provided to the Times by two confidential sources, and they have not been confirmed publicly by Uber.

Uber is also investing heavily in its operations in China. The company said it created 60,000 jobs in the country in late May.

Uber is not operating from a position of dominance in China the way it is in the US; there are several local competitors who control much of the market there, the Times notes.

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