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Uber sticks to China expansion as regulatory curbs loom

Thursday, November 5, 2015 - 05:50
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Mr Kalanick speaking in front of an electronic board showing a map of China at the 2015 Baidu World Conference in Beijing in September. He has said that Uber represents 30 to 35 per cent of the ride-hailing market in China.

Shanghai

UBER Technologies Inc, the world's most valuable startup at more than US$50 billion, said it will push ahead with plans to expand into new Chinese cities, downplaying the potential impact on its operations from proposed regulations on the ride-hailing industry.

The company