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Uber receives nearly $2bn investment from Chinese firms

Ubers main global entity received the rest of the money, though the company did not specify how much.

FILE: A person using the French version of the Uber app to order an UberPop cab in Paris. Picture: AFP.

BEIJING Uber Technologies Inc. said on Wednesday it has received almost $2 billion in funding from Chinese investors, some as part of a recent fundraising round that valued the US firms Chinese unit at $7 billion.

Ubers main global entity received the rest of the money, though the company did not specify how much each unit got. The details were reported by Chinese media on Wednesday and confirmed by an Uber spokeswoman.

Previously unreported Chinese investors include China Minsheng Banking Corp, real estate developer China Vanke Co Ltd and China Broadband Capital.

Other investors include HNA Group Co Ltd, parent of Hainan Airlines Co Ltd, China Taiping Insurance Holdings Co Ltd, China Life Insurance Co Ltd, Guangzhou Automobile Group Co ltd and CITIC Securities Co Ltd.

Ubers Chinese unit was valued at $7 billion before taking on investment in its recently-closed Series B funding round, Uber CEO Travis Kalanick told reporters in Beijing on Monday.