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Uber China News

Uber Technologies Inc

15 Apr 2017

Uber's revenue hits $6.5 billion in 2016, still has large loss

Ride-hailing service Uber Technologies Inc generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the company said on Friday.

01 Aug 2016

Uber China to merge with local rival Didi in $35 billion deal

Ride-sharing giant Uber is to give up its ferocious battle for market share in China by merging its operations with local rival Didi Chuxing, reports said Monday.

21 Oct 2015

Uber invests big in China in face of fierce rival

The head of Uber said the ride-sharing firm has spent a billion dollars to gain traction in China, where the local champ may not be playing fair.

08 Sep 2015

Uber raises $1.5 bn for Chinese branch: Source

Uber, the app-based car service has raised $1.2 billion to keep expanding Uber China, a source close to the efforts said.

08 Sep 2015

Uber to enter 100 new Chinese cities in next 12 months: CEO

Kalanick made the comments at an event held by Uber investor Baidu Inc in Beijing. On Monday, Uber China said it had raised $1.2 billion as part of an ongoing fundraising round.

27 Aug 2015

Uber China closes $1 billion fundraising round: Sources

With the close of the $1 billion round, Uber is re-lining its war chest for a drawn out battle with Chinese car-hailing app rival Didi Kuaidi, which last month raised $2 billion.

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