Uber to enter 100 new Chinese cities in next 12 months: CEO
Published Tue, Sep 8, 2015 · 03:00 AM
[BEIJING] Uber Technologies Inc's China unit will enter 100 new cities in the next 12 months, the US ride-hailing service's chief executive Travis Kalanick said on Tuesday, a rapid ramp up from the previous goal of 50 new cities.
Mr Kalanick made the comments at an event held by Uber investor Baidu Inc in Beijing. On Monday, Uber China said it had raised US$1.2 billion as part of an ongoing fundraising round.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche posts Q1 profit drop on ramp-up costs
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US