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Uber To Expand Into 100 More Chinese Cities

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Uber after celebrating their one year of operations in Lagos has announced they intend to spread into about 100 more cities in China. To this effect the CEO of Uber Travis Kalanick said the China unit of the company had raised $1.2b/283b Naira. The ride service is operational in about 20 Chinese cities. Meanwhile, their immediate competitor Didi Kuaidi has raised $3b/597b Naira. Uber is reportedly worth over $50b/9.9tr Naira.

In Lagos-Nigeria, Uber hopes to increase their fleet from just about 30 to 3000 over the next one year.

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