Uber loses $5.9bn as Asia investment values fall

Ride-hailing and delivery group Uber has made a $5.9bn (£4.7bn) loss, mostly due to its stakes in other companies. The firm said almost all of the loss was a result of the fall in the value of investments in businesses including two Asian ride-hailing giants – China’s Didi and South East Asia’s Grab. Despite the … Continue reading Uber loses $5.9bn as Asia investment values fall