Photographer: Justin Sullivan/Getty Images

Uber Says Its Chinese Arm Could Eventually Go Public in China

The San Francisco ride-booking company is currently raising money privately for the Chinese unit.

As Uber Technologies raises money from private investors for its Chinese business, the ride-hailing company says the offshoot could one day list shares on the stock market in China. However, Uber Chief Executive Officer Travis Kalanick is a staunch proponent of companies staying private as long as possible, and the same is true for the Chinese unit, says Nairi Hourdajian, a spokeswoman for the company.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.