Uber's revenue hits $6.5 billion in 2016, still has large loss
Ride-hailing service Uber Technologies Inc generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the company said on Friday.
Apr 15, 2017, 10:48 AM IST
Uber China to merge with local rival Didi in $35 billion deal
Ride-sharing giant Uber is to give up its ferocious battle for market share in China by merging its operations with local rival Didi Chuxing, reports said Monday.
Aug 01, 2016, 14:07 PM IST
Uber invests big in China in face of fierce rival
The head of Uber said the ride-sharing firm has spent a billion dollars to gain traction in China, where the local champ may not be playing fair.
Oct 21, 2015, 17:37 PM IST
Uber raises $1.5 bn for Chinese branch: Source
Uber, the app-based car service has raised $1.2 billion to keep expanding Uber China, a source close to the efforts said.
Sep 08, 2015, 17:09 PM IST
Uber to enter 100 new Chinese cities in next 12 months: CEO
Kalanick made the comments at an event held by Uber investor Baidu Inc in Beijing. On Monday, Uber China said it had raised $1.2 billion as part of an ongoing fundraising round.
Sep 08, 2015, 08:37 AM IST
Uber China closes $1 billion fundraising round: Sources
With the close of the $1 billion round, Uber is re-lining its war chest for a drawn out battle with Chinese car-hailing app rival Didi Kuaidi, which last month raised $2 billion.
Aug 27, 2015, 21:43 PM IST
