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What the Flux - Uber rival Bolt exits Australia | China's economy is back? | No cars no revenue for Transurban

Uber rival Bolt exits Australia | China's economy is back? | No cars no revenue for Transurban

What the Flux

04/01/20 • 4 min

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Bolt, one of Uber’s main rivals, is pulling out of Australia as demand for ridesharing drops from the coronavirus.

Following the coronavirus, China's economy is rebounding, with 95% of factories reopening in March.

Transurban, the company that owns toll roads and freeways around Australia, has reported a major drop in revenue because there are so few cars on the road due to the coronavirus.

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04/01/20 • 4 min

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