Uber To Move Into 100 Cities In China Next Year: Reports

By MarketWatch Pulse

Uber Technologies Inc. will begin operating in 100 more cities in China next year after raising $1.2 billion in financing for its business in the country, media reports said Tuesday. Uber already operates in almost 20 Chinese cities. China will also enact national-level regulations on the ride-hailing sector, said Travis Kalanick, Uber's chief executive, at a conference held by partner Baidu Inc. , the reports said.

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