Uber's Deal in China is About the Company Realizing That it's Time to Make Some Money, Says Jim Cramer
Uber's deal with a Chinese firm is about the ride sharing company realizing that it has to stop losing money, says Jim Cramer.
Uber's deal with a Chinese firm is about the ride sharing company realizing that it has to stop losing money, says TheStreet's Jim Cramer. Cramer says Uber knows it has to start making some money, which is a big deal, because the company isn't willing to continue to lose money in China. Cramer says it marks a new discipline for Uber's CEO Travis Kalanick. China's Didi Chuxing is buying Uber China, which reports value at around $7 billion.
