Uber has faced a number of setbacks in Asia including a two month ban in Taiwan this year. - AFP/file
Even as Uber Technologies Inc’s investors mounted a revolt against the then-chief executive officer over a string of self-inflicted scandals, the ride-hailing company’s financial performance continued to improve in the second quarter of the year, based on financial results provided by the company.
Uber generated US$1.75bil (RM7.49bil) in adjusted net revenue in the second quarter of this year, up 17% from the prior quarter. Uber narrowed losses by 9% to US$645mil (RM2.76bil).
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