The Traderszone Network

Published in TZ Latest News 14 January, 2016 by The TZ Newswire Staff

Uber China unit valued at over $8 billion after fundraising: Kalanick

Uber Technologies Inc’s [UBER.UL] chief executive Travis Kalanick said on Friday the ride-hailing firm’s China unit was valued at more than $8 billion after its latest fundraising round, over $1 billion more than before the effort. Uber China’s recently-closed Series B fundraising brought in “well over $1 billion”, Kalanick told reporters in the Chinese capital. A spokeswoman for Uber said the series had raised over $1.2 billion but declined to confirm an exact figure.