Uber China closes $1 billion fundraising round: sources

BEIJING/SHANGHAI (Reuters) - Uber Technologies Inc’s [UBER.UL] China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition in the car-hailing market.

from Reuters: Technology News http://ift.tt/1NJF3CY