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SHANGHAI 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.Uber's Kalanick made the comments in an interview with Chinese news website Sina.com, which were confirmed by an Uber China spokeswoman. (Reporting by Paul Carsten; Editing by Christopher Cushing)
Read more http://feeds.reuters.com/~r/reuters/technologyNews/~3/QRee6DSa-Ek/story01.htm
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