After raising and spending billions of dollars last year subsidizing rides in China to build scale, executives of Uber Technologies Co. and its Chinese rival Didi Chuxing Technology Co. both emphasized their progress toward profitability on Friday, as they spoke at the Converge technology conference co-hosted by The Wall Street Journal... HONG KONG—China’s ride-hailing battle is finally no longer just about who can spend money faster.

Source: Wall Street Journal June 03, 2016 10:34 UTC