Ride-hailing app UCAR plays catchup raises USD 550…

Rhea Liu Ride-hailing app UCAR raised USD 550 million in a B-series round of funding including USD 50 million from China Auto Rental (CAR Inc.), primary investor CAR Inc. announced today. According to the announcement,…

Chinese authorities offer up new regulations to change…

Wendy Tang The Chinese authorities are planning to implement countrywide regulations to curb the use of Internet-based ride-hailing services, according to news website Jiemian.com The report on Wednesday said The Ministry of Transport of China is…

Uber China raises US $1.2B, Kalanick says

By JING GAO Uber China has raised US $1.2 billion in a new funding round led mostly by Chinese investors, including search giant Baidu, placing its valuation at US $8 billion. In an exclusive interview…