It is thought to be attempting to raise a further $ 1bn in China to expand its presence 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 this to the public when appropriate . （Source: The statement was made as a response to media reports in China that Volkswagen China had scrapped plans for the local fundraising effort due to disagreements over its valuation .
It is thought to be attempting to raise a further $ 1bn in China to expand its presence 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 this to the public when appropriate . The statement was made as a response to media reports in China that Volkswagen China had scrapped plans for the local fundraising effort due to disagreements over its valuation .