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Uber China Unit Valued At Over $8 Billion After Fundraising: Kalanick


Ron Burgundy
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Photo illustration of logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street in MadridUber Technologies Inc's [uBER.UL] chief executive Travis Kalanick said on Friday the ride-hailing firm's China unit was valued at more than $8 billion after its latest fundraising round, over $1 billion more than before the effort. Uber China's recently-closed Series B fundraising brought in "well over $1 billion", Kalanick told reporters in the Chinese capital. A spokeswoman for Uber said the series had raised over $1.2 billion but declined to confirm an exact figure.




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