Uber China raises $1.2 billion in ongoing fundraising round

Reuters

Published Sep 07, 2015 06:38AM ET

Updated Sep 07, 2015 06:18PM ET

Uber China raises $1.2 billion in ongoing fundraising round

SHANGHAI (Reuters) - Uber Technologies Inc's China unit has raised $1.2 billion as part of an ongoing fundraising round, the U.S. ride-hailing service's CEO Travis Kalanick said on Monday, even as its Chinese rival Didi Kuaidi raises $3 billion.