über in china

Uber in China

Uber revs up for high-stakes battle in China

By Ray Kwong | Things just shifted into high-gear in China’s taxi app war. Just days after a leaked memo showed Uber is raising US$1 billion to put its China business into overdrive, the Wall Street Journal reported that Didi Kuaidi—China’s largest taxi app company—is out to raise US$1.5 billion.