Abstract: Uber plans to conduct a new round of financing for Uber China business later this month. In the absence of mergers and acquisitions, Uber plans to invest 7 billion yuan in China this year. Previously, Uber has raised $1 billion 500 million, including $600 million from Baidu’s investment.
Uber the latest round of financing will make its total financing amounted to $10 billion, non listed high-tech companies financing the United States record record.
Uber financial resources in the history of Silicon Valley unprecedented, far more than the size of the financing of Facebook and Google before the listing. This highlights the transformation of Silicon Valley technology companies in the late financing.
British Financial Times quoted sources said: Uber close to $2 billion credit line. The money will come from big banks such as Morgan Stanley, Deutsche Bank and Goldman sachs.
at the same time, Uber is also seeking $1 billion 500 million equity financing.
Wall Street informative website mentioned earlier, the size of the current round of financing of about $1 billion 500 million, the essence of strategic financing, including the purpose of cooperation with other companies or the acquisition of other business. This is different from the previous round, the main purpose of Uber financing in the past for business expansion.
if the size of the financing is expected to be consistent with the successful completion of the Uber will become the highest valuation of venture capital companies, beyond the valuation of $45 billion of China’s innovative technology companies millet. Previously, only Facebook listed before the valuation had reached $50 billion.
‘s financial times, an e-mail shows, Uber China’s one-day trip has more than 1 million times, which is almost 6 months ago, the sum of Uber’s global business. Now, the San Francisco based company plans to further expand in china.
in a letter sent to investors in the mail, Uber CEO Travis Kalanick said in a rival taxi drops and quick taxi competition, Uber in size and growth rate of 11 Chinese city are very amazing. However, he also said that in order to attract users, Uber must be extended to the new city, and subsidies to users, which will require a lot of money.
China is likely to further increase the volume of business. Uber plans to launch a new round of financing for Uber China business later this month. In the absence of mergers and acquisitions, Uber plans to invest 7 billion yuan in China this year. Previously, Uber has raised $1 billion 500 million, including $600 million from Baidu’s investment. Currently, Uber valuation has exceeded $50 billion.
if all of the above financing is completed, Uber can get $4 billion additional funding on the basis of 2010 $5 billion 900 million financing. This $5 billion 900 million financing includes