Today，According to foreign media reports，Uber is seeking up to US.5 billion in financing for its China business。188bet sports betting amount is twice the amount of funds the company has raised for its business in 188bet sports betting market。

Uber, a ride-hailing company headquartered in San Francisco, USA, is competing fiercely with its Chinese rival Didi Kuaidi，The latter raised billion in a funding round earlier 188bet sports betting month。

Both companies rely on subsidies to attract drivers and passengers，So the key to competing for market share is who can raise the most cash。Investors in 188bet sports betting Chinese branch include search engine Baidu，The ones that support Didi Kuaishou are Tencent and Alibaba。

Uber has been seeking financing for its Chinese operations since June 188bet sports betting year，Values ​​it at US billion。Earlier 188bet sports betting month，The company also stated that it has completed part of the financing，Raised US.2 billion。Expand 188bet sports betting round of financing to .5 billion，Indicates that the company is prepared to invest huge amounts of cash in the Chinese market。Historical experience proves，The Chinese market is not friendly to foreign technology companies。

Uber once said，The company will invest US billion in China 188bet sports betting year。CEO Travis Kalanick Kalanick) describes China as “one of Uber’s biggest untapped opportunities，Possibly larger than the US market”。

However，Uber is obviously at a disadvantage in the Chinese market。The merger of Didi Dache and Kuaidi Dache, China’s two largest ride-hailing companies, in February highlighted 188bet sports betting point。Didi Kuaidi controls most of the private car market，And better relations with Chinese regulators，188bet sports betting paves the way for him to participate in the legal private car project。

On whether to succeed in the Chinese market，188bet sports betting investors are divided。And they also have differences on whether 188bet sports betting valuation of US billion needs to be proven by the success of the Chinese market。

Although Uber lags behind Didi Kuaidi in China，But Didi Kuaidi is not as good as Uber in markets outside China。Didi Kuaidi invested in Uber’s rival，That is, Lyft in the United States and GrabTaxi in Southeast Asia，188bet sports betting way to catch up with Uber。Didi Kuaidi and Lyft announced last week that they would connect the two companies’ software，Allow respective users to use each other’s services。

188bet sports betting financing has always been to help its overseas business grow，The company has expanded its business to 60 countries and regions around the world。But in the United States，Uber faces a series of challenges including class action lawsuits。A class action lawsuit in California could end its business model。188bet sports betting business model relies on positioning drivers as independent contractors，Not a company employee。

Some sources said，188bet sports betting still controls its China operations。

Uber announced on Tuesday the launch of a new ride-sharing service in Chengdu, China。188bet sports betting is the first time Uber has launched a new brand of service outside the United States。The service, called UberCommute, allows long-distance commuters to pick up other passengers heading to the same location for a fee。

Uber wants to convince Chinese regulators in 188bet sports betting way，Convinced the company could help China alleviate pollution and traffic congestion in big cities。