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Uber China valued over $6 billion in July 2015
Uber China confirmed it has set up a new company in China with an independent headquarters and management and a locally based server.
Didi-Kuadi plans to challenge Uber on its own turf with US market entry
Chinese Uber rival Didi-Kuaidi is now recruiting in the USA to realize its plans to set up a US research center to pave the way for its entry into the US market.
Sources say Uber to seek up to $1 Billion for China takeover
Uber Technologies Inc., the car-booking company, is seeking to raise as much as $1 billion in funding for its Chinese business, people familiar with the matter said.
Didi-Kuadi to invest in the largest SEA taxi hailing app GrabTaxi
Didi-Kuaidi has participated in the latest financing round of the largest taxi hailing app in Southeast Asia, GrabTaxi for an unspecific amount of funding.
Tujia completes $300 million round of financing at over US$1 billion valuation
Tujia, China’s largest online platform for vacation rentals, has completed its D&D+ round of financing，raising $300 million at a valuation of more than $1 billion.
Uber boasts one million transactions a day in China
CEO Travis Kalanick will personally monitor the daily developments in the local market “China is the number one priority for Uber’s global team,” he said.
Chinese fund manager Hillhouse Capital leads $1B investment into Uber
Chinese investment management firm Hillhouse Capital Group is said to be leading a $1 billion investment into ride sharing major Uber Technologies Inc.
eHi eyes a portfolio of comprehensive mobility solutions
eHi is currently evaluating its P2P car rental platform, as it becomes clear that car rentals in China aren't fitting into the traditional defintion of the industry.
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