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Uber Seeking ‘Hundreds of Millions’ in New Financing

Uber Technologies Inc., the mobile-app car service startup, is seeking “hundreds of millions” of dollars in a new financing round to fund its expansion to cities in China and around the world.

“There are discussions under way, we’re raising right now,” Chief Executive Officer Travis Kalanick said in an interview in Taipei yesterday after introducing Uber in the Asian city. He declined to identify potential investors or comment on the company’s valuation.