Report from The New York Times，According to sources，Uber is planning a new round of financing of US$1 billion，The valuation will reach between 60 billion and 70 billion US dollars。This round of financing completed，Uber will also become the world’s most valuable unlisted company。

August this year，Uber just announced the completion of US$1 billion in financing，Valuation close to 51 billion US dollars，Exceeds the last round of venture capital funding before Facebook went public in 2011。This US$1 billion financing plan is thrown out，This is Uber’s 8th round of private equity financing in the past 5 years，Cumulative total financing will exceed US$6 billion。

Appeal source also stated，Next weeks，188bet sports betting app download Uber will start negotiations with investors，Uber will determine a more accurate financing size and valuation at that time。Uber executives and board of directors have approved a new round of financing，Formal contact with investors will begin in the coming weeks。

However，Uber spokesperson declined to comment on the financing news。

The battle between Didi and Uber is about to escalate

Previously，Uber CEO Travis Kalanick once said，Uber has no intention of going public in the short term。“We’re like 8th graders,” he said at this week’s WSJDLive conference hosted by The Wall Street Journal。Some people tell us we can graduate from high school，But it’s still too early。We should still go to high school，Such an issue will be discussed later。”

When answering business situations，Kalanick said，Uber’s business volume in China has increased since 2015，About 30% of orders now occur in China，Business scale is almost the same as that of the United States。Uber is most used in Chengdu, Sichuan Province, China。

Therefore，We can see that Uber China is also conducting independent financing，Fight against Didi Kuaidi，In terms of single financing amount, it is no less than Uber。September 7，Kalanick announced，Uber China received a US$1.2 billion financing，Exceeded the previous target of US$1 billion，Later, Didi Kuaidi announced that CEO Cheng Wei announced at the Dalian Davos Forum 188bet Online Sports Betting and Casino that Didi Kuaidi completed US$3 billion in financing。

In addition to Uber’s war with Didi Kuaidi in China，Didi Kuaidi continues to invest in Southeast Asia’s taxi-hailing app Grab Taxi，American taxi app Lyft、Indian taxi app Ola，Attempting to unite Uber’s enemies on the international battlefield to encircle and suppress it。Only from Uber including Uber China，Didi Kuaidi accelerates the pace of financing，Judging from the continuous increase in financing amount in each round，The battle between Didi and Uber will surely escalate，The government’s corresponding special policies have also attracted much attention。

Speaking of financing purposes，Didi in the Chinese market、What Uber users feel the most is the subsidies，The cash burning model can support the high valuation of both parties？Although the amount of financing in the latest round，Didi Kuaidi’s US$3 billion exceeds Uber’s US$1.2 billion in financing by nearly twice，But Didi Kuaidi’s valuation of US$16.5 billion was crushed by Uber’s highest market value of US$70 billion，Why is this？

Prerequisites for Uber’s high valuation

Money burning subsidy，Is the “Chinese Characteristics” faced by Uber，So the number of cities in China where it operates is far less than Didi Kuaidi，But it has business coverage in more than 200 cities and regions around the world，The size is beyond the reach of Didi Kuaidi，This is also the first condition for high valuation。

188bet sports betting app download Of course, money burning is not the main factor supporting Uber’s high valuation，There must be a reasonable business model behind burning money，Pintu.com has summarized this:

Uber plans a new round of financing of US$1 billion，Highest valuation of US$70 billion，The battle between Didi and Uber will escalate

Uber’s high valuation based on its own basic conditions，Internet entrepreneur Zhang Liang thinks so:

First，The market is huge。You think Uber is an APP，In fact, it is in the business of a taxi company。

American taxis also have so-called license plates (medallion)，That is to say，If your business is "someone waving at the roadside，You park and pick him up，And charges”，You just need a license。This mechanism is 80 years old。

But Uber solved this problem: because users book rides through iPhone，There is no "waving at the roadside，You park and pick him up，And charges”，No license required。

If we could create a new taxi network across the United States，This alone is awesome。

Second，Has exclusive technology。The core of Uber is how to deploy the fewest cars in a city，Able to meet the needs of the whole city most efficiently。

The core of this algorithm is the so-called traveling-salesman problem。How to connect countless moving points with the shortest line。

Third，Has pricing power。Uber taxis are much more expensive than regular taxis，But users are still willing to pay，That means real needs are solved。

Actually, to put it bluntly，188bet app It is more market-oriented。Many times，If you can’t get a taxi and urgently need a taxi，You are willing to pay a higher price，But the traditional taxi business cannot do this。Uber can even do it，Some peak periods (such as concerts、After the city-wide event is over) its price is higher than usual，This way supply and demand will be more balanced。

Fourth，With data。Be able to count the flow of people and vehicles in the city through the background。Continuous accumulation of this data，Maybe it will become something。For example，Can be sold to real estate developers。