UPDATE 1-Uber losing $1 bln a year to compete in China

[ahlam1399]

UPDATE 1-Uber losing $1 bln a year to compete in China

UPDATE 1-Uber losing $1 bln a year to compete in China
SHANGHAI, Feb 18 (Reuters) - Uber Tech**logies Inc is burning through more than a billion dollars a year in China as it wages a fierce price war against local rival Didi Kuaidi, its chief executive said.

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