Earlier reports suggested that China’s state-run CITIC bank was planning an investment of US$100 million between Uber Global and Uber China The Chinese arm of mobile-based taxi-hailing giant Uber has closed US$1 billion funding round from a group of investors, including Asia’s biggest hedge fund Hillhouse Capital, Chinese Internet giant Baidu, China CITIC Bank, China...
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The post Uber China raises US$1B from Baidu, Hillhouse, others appeared first on e27.
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