国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Technology

Bullish Uber plans to invest $1 billion in China in 2015

(Agencies) Updated: 2015-06-13 09:55

Bullish Uber plans to invest $1 billion in China in 2015

Uber, a car service developed in San Francisco, is used in all sorts of unconventional ways in China, such as finding a date and buying a house. [provided to china daily]

Ride-hailing service Uber Technologies Inc plans to invest more than $1 billion in China this year as the controversial ride-hailing app looks to rev up growth in the world's second largest economy, an executive at the firm said on Friday.

In an emailed letter to investors, first published by the Financial Times newspaper, Uber head Travis Kalanick said China was the "number one priority" for the company worldwide and that the firm was completing almost 1 million trips in China per day.

The letter suggests Uber is taking a bullish approach to China, despite the firm facing raids on its offices and a crackdown on its drivers deemed to be operating illegally.

"Since our launch in February 2014, we have found a public that is embracing Uber far beyond our most bullish expectations," Kalanick said in the letter.

An Uber executive based in Greater China confirmed to Reuters that the emailed letter was genuine. The person asked not to be named as he was not authorized to speak to the media.

A China-based spokeswoman for Uber declined to comment.

Kalanick added the firm plans to launch its services in 50 more Chinese cities over the next year and that there was huge potential for further growth. The firm is currently operating in 11 cities in the country.

"To put it frankly, China represents one of the largest untapped opportunities for Uber, potentially larger than the US," he said, adding success in the market would however require "commitment over the long haul and a strong will."

Despite the promising numbers, Uber's ride in China hasn't been totally smooth for the $40 billion valued firm. Kalanick said in the letter China was "not for the faint of heart" and that the firm was seeing fierce competition from local rivals.

Uber is up against China's dominant taxi-hailing firm Didi Kuaidi - backed by Internet giants Tencent Holdings Ltd and Alibaba Group Holding Ltd.

San Francisco-based Uber, which has a tie-up in China with domestic Internet giant Baidu Inc, will launch a fundraising process to help expand its China unit on June 22, the letter said.

People with knowledge of the matter said Uber has also been actively trying to forge closer ties with local governments in China in a bid to fend off protests by local taxi firms, raids on its offices and well-connected local rivals.

Hot Topics

Editor's Picks
...
绥阳县| 霸州市| 苏州市| 嘉鱼县| 和平县| 简阳市| 南岸区| 栾川县| 富阳市| 九台市| 广平县| 久治县| 田阳县| 花垣县| 石台县| 苏尼特右旗| 东莞市| 兰溪市| 吴忠市| 汨罗市| 阿拉善盟| 宁陕县| 镇平县| 鄂托克旗| 邯郸县| 肇庆市| 喀喇沁旗| 长寿区| 临汾市| 阳春市| 武川县| 红安县| 健康| 日照市| 香港| 瑞金市| 陇南市| 达拉特旗| 丰顺县| 贺兰县| 辉南县|