Chinese ride-sharing company UCAR revealed on June 29 that the company chalked up more than 260,000 bookings per day on average in the first quarter of 2016, and the cost per booking was declining while the gross profit per booking was rising.

After the reporting period, the company’s chauffeured service continued to grow. The average net revenue per booking in Q1 2016 increased by 13.35% over the previous quarter, the average cost per booking decreased by 17.83% and the average gross profit loss decreased by 44.85%.

The number of paying users for the company increased by 602,209 in Q1 2016 compared to the previous quarter, as shown in the chart above, and 28,504 more bookings per day were received and the average income per ride maintained at a high level. (Translated by Claire)