[New post] Uber China closes $1 billion fundraising round: sources

sskarthik posted: "By Paul Carsten and Engen Tham BEIJING/SHANGHAI (Reuters) - Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based rid" Respond to this post by replying above this line New post on SKarthik.info Uber China closes $1 billion fundraising round: sources by sskarthik By Paul Carsten and Engen Tham BEIJING/SHANGHAI (Reuters) - Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber's Chinese unit include Internet giant Baidu Inc, China CITIC Bank Corp Ltd and China Life Insurance Co Ltd, among others, said one of the people, requesting anonymity because they were not authorized to discuss the matter publicly. Chinese financial conglomerate Ping An Group's investment arm and Hillhouse Capital, which has a stake in the main U.S.-based Uber business, also took part, the person said. Read more... sskarthik | August 28, 2015 at 12:32 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3hmH Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/08/28/uber-china-closes-1-billion-fundraising-round-sources-3/ Thanks for flying with WordPress.com