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University of Pennsylvania

Ride-hailing firm Uber faces big challenges in China

Ride-hailing firm Uber faces big challenges in China

From 7 p.m. until dawn, Zhou Xiuquan plies the streets of Beijing, picking up fares in his yellow-and-blue Hyundai taxi, shuttling people home from work, out to bars and to the airport for early-morning flights. But at 7 a.m., he parks his cab, hops into his personal Kia, fires up his Uber app and starts driving for what he calls "real money." "Every week, I'm making 5,000 kuai [$800] with Uber — that's as much as I make all month in my cab," Zhou says. "They're offering a lot of bonuses and subsidies, trying to build customers and enter the Chinese market. A rider might pay 20 kuai, even less than they'd pay in a cab, but I get 60."...

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