SHANGHAI: Car-hailing company Uber said it is planning to expand into dozens more Chinese cities within a year and invest US$1bil (RM4.10bil) as it looks to ramp up market share in the world’s most populous country.
While the firm dominates the US ride-hailing sector, it has struggled to make headway in China – despite backing from local Internet giant Baidu – with Beijing-based Didi Kuaidi controlling some 99% of the market.
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