Uber is thought to be attempting to raise a further $1bn in China to expand its operations in the region, and today Uber China sent a text message to China Daily stating its latest fundraising efforts in the country are "going as well as we expected", and they will disclose details to the public when appropriate. several new investors including Capital International Private Equity Fund and Ping An Ventures. The company has been working with local authorities on plans for an expansion of their ride-sharing service into China, which would see them operate more than 10,000 vehicles across the country.
Uber is thought to be attempting to raise a further $1bn in China to expand its operations in the region, and today Uber China sent a text message to China Daily stating its latest fundraising efforts in the country are "going as well as we expected", and they will disclose details to the public when appropriate. The company has been working with local authorities on plans for an expansion of their ride-sharing service into China, which would see them operate more than 10,000 vehicles across the country.