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Uber China Raises $1.2 Billion In Ongoing Fundraising Round

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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A taxi is reflected in a window at the office of taxi-hailing service Uber Inc in Hong Kong, ChinaSHANGHAI (Reuters) - Uber Technologies Inc's China unit has raised $1.2 billion as part of an ongoing fundraising round, the U.S. ride-hailing service's CEO Travis Kalanick said on Monday, even as its Chinese rival Didi Kuaidi raises $3 billion. Uber's Kalanick made the comments in an interview with Chinese news website Sina.com, which were confirmed by an Uber China spokeswoman. (Reporting by Paul Carsten; Editing by Christopher Cushing)




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