Uber CEO: The epidemic has little impact on the company, and the food delivery business may benefit

Netease Technology News, March 5th, according to foreign media reports, on Wednesday local time local time, Dara Khosrowshahi, CEO of the US ride-hailing company Uber, said that due to the impact of the new coronavirus epidemic, Uber called rides. Businesses are less hit, and food delivery businesses could benefit.

“Our ride-hailing business will take a hit in part because people don’t go out, while our food-delivery business will likely benefit,” Khosrowshahi told the Morgan Stanley 2020 Technology, Media and Telecommunications Conference in San Francisco. “

He reiterated the company’s adjusted earnings target by the end of 2020.

Given the diversity of Uber’s business and its reliance on the supply chain, Khosrowshahi said the company is well-positioned to deal with the spread of the virus, and business should resume quickly.

“Our airport business has slowed down…but nothing is worrying and nothing we can’t adapt to.” He did not quantify or elaborate on the slowdown in the company’s business.

Airport orders account for about 15 percent of Uber’s total ride-hailing bookings, he said. Its profit margin is higher than other travel orders.

On Tuesday, local time, the Federal Reserve announced an emergency interest rate cut of 50 basis points to prevent a recession; the World Bank announced $12 billion to help countries fight the new coronavirus. The outbreak has hit air travel, tourism and other industries, threatening the growth prospects of the global economy.

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