BEIJING: US ride-hailing service Uber Technologies Inc would enter 100 more Chinese cities over the next year, doubling a previous goal set just three months ago, chief executive Travis Kalanick said yesterday.
"Uber's China unit currently operates in almost 20 cities,'' Kalanick said at an event in Beijing held by Uber investor Baidu Inc.
The speech comes a day after Kalanick said the China unit had raised $1.2 billion during ongoing fundraising, while people familiar with the matter told Reuters that larger local rival Didi Kuaidi had brought in $3 billion.
The two firms are spending heavily to subsidise rides and gain market share, betting on China's Internet-linked transport market becoming the world's biggest and most lucrative.