Photographer: Victor J. Blue/Bloomberg
Uber China Raises Financing at $7 Billion Valuation
The China division of the ride-hailing giant raised cash from local investors to fund its ongoing battle with local rival Didi Kuaidi.
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Uber said its China division has raised financing that values that part of the ride-hailing company's operation at $7 billion. Travis Kalanick, Uber's chief executive officer, discussed the new funds at a press conference in Beijing on Monday.
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