Uber CEO confirms China fundraising plans
Travis Kalanick, founder and CEO of ride-hailing app Uber, has confirmed that the company has raised $1.2 billion for Uber China, a dedicated unit set up to address the local market.
Chinese search engine Baidu and other unnamed domestic investors have participated, Kalanick told Chinese media Sina Tech in an interview. The round has not closed. The investment comes after Uber's...
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