Brief: Uber’s Khosrowshahi “not optimistic” on Southeast Asia profitability

Dara Khosrowshahi. Photo credit: Uber.

The news (via Reuters):

Uber CEO Dara Khosrowshahi said that he doesn’t expect the US ride-hailing company’s Southeast Asian business to be profitable in the near future. “The economics of that market are not what we want them to be,” he said at The New York Times DealBook conference in New York earlier today. “I think it’s over-capitalized at this point. We’re going in, and we’re leaning forward. But I’m not optimistic that market is...

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