Uber to enter 100 new Chinese cities in next 12 months: CEO

Reuters News
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Posted: Sep 07, 2015 10:55 PM

BEIJING (Reuters) - Uber Technologies Inc's [UBER.UL] China unit will enter 100 new cities in the next 12 months, the U.S. ride-hailing service's Chief Executive Travis Kalanick said on Tuesday, a rapid ramp up from the previous goal of 50 new cities.

Kalanick made the comments at an event held by Uber investor Baidu Inc <BIDU.O> in Beijing. On Monday, Uber China said it had raised $1.2 billion as part of an ongoing fundraising round.

(Reporting by Jake Spring; Writing by Paul Carsten; Editing by Kazunori Takada)