Uber receives nearly US$2bil investment from Chinese firms


  • TECH
  • Thursday, 14 Jan 2016

An open sign is seen at the office of taxi-hailing service Uber Inc during a driver recruitment event in Hong Kong, China December 29, 2015. REUTERS/Tyrone Siu

HONG KONG/BEIJING: Uber Technologies Inc said it has received almost US$2bil (RM8.80bil) in funding from Chinese investors, some as part of a recent fundraising round that valued the US firm's Chinese unit at US$7bil (RM30.85bil). 

Uber's main global entity received the rest of the money, though the company did not specify how much each unit got. The details were reported by Chinese media on Wednesday and confirmed by an Uber spokeswoman. 

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