Uber raises $1.2bn for China expansion – reports
by Jana Kasperkevic in New York from Technology | The Guardian on (#KQKB)
- Online taxi-hailng firm expected to make announcement on Sunday
- Uber hopes to operate in 50 Chinese cities within a year
Uber has raised $1.2bn for its expansion into China, according to an interview with its chief executive, Travis Kalanick, published by Sina, a Chinese-language website.
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