Monday, August 24, 2015

CITIC to invest US$100M In Uber, UberChina reaches US$7B valuation

The proposal gives UberChina an IPO deadline of 2020 or else the investment will be returned with eight per cent compound interest China’s state-run CITIC bank is planning an investment of US$100 million between UberGlobal and UberChina, a source from CITIC bank has told Technode.*The same source noted that the current valuation for Uber’s China...
The post CITIC to invest US$100M In Uber, UberChina reaches US$7B valuation appeared first on e27.


More...


via VRForums | Singapore Technology Lifestyle Forums - News around the web! http://ift.tt/1JqP9SZ

No comments:

Post a Comment