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.
Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.
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