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Uber Said Close to Raising Funding at Up to $40B Value

Uber Said Close to Raising Funding at Up to $40B Value

Uber Technologies Inc. is close to raising a round of financing that would value the mobile car-booking company at $35 billion to $40 billion, according to people with knowledge of the situation.

11/26/2014|4:41:25 PM|Bloomberg businessweek
Didi Taxi optimistic about chauffeur service

Didi Taxi optimistic about chauffeur service

Didi Taxi expects to see rapid growth in its chauffer business, anticipating usage of more than 100,000 trips daily for its chauffer service by year end.

11/25/2014|12:33:37 PM|TravelDaily China
Home Inns invests in Campsort

Home Inns invests in Campsort

Home Inns Group has joined China Lodging Group in making multi-million RMB investments in Lvmama’s Campsort that was launched a month ago.

11/25/2014|1:00:33 PM|TravelDaily China
Kuaizi Travel gets RMB10 million angel investment

Kuaizi Travel gets RMB10 million angel investment

Road trip vacation startup Kuaizi Travel confirmed that they had already received a RMB10 million angel investment from Meihua Venture Capital in September.

11/21/2014|1:09:13 PM|TravelDaily China
Interview: Priceline’s M&A Guru on the Most Successful Acquisition in Online Travel History

Interview: Priceline’s M&A Guru on the Most Successful Acquisition in Online Travel History

In 2004 and 2005, Glenn Fogel, the Priceline Group’s head of worldwide strategy, planning and corporate development, came across Europe’s Active Hotels and Bookings B.V., respectively, which were operating what was then an out-of-favor agency business model.

11/21/2014|9:36:25 AM|skift
Uber May Need Adult Supervision as Controversy Builds

Uber May Need Adult Supervision as Controversy Builds

Uber in August hired David Plouffe who now directs communications at the startup. The deepening debate suggests that Kalanick might need even more experienced hands to guide him and the San Francisco-based company, which is the most highly valued technology startup in the U.S.

11/20/2014|2:59:17 PM|Bloomberg businessweek
“God View:” Uber Investigates Its Top New York Executive For Privacy Violations

“God View:” Uber Investigates Its Top New York Executive For Privacy Violations

In the wake of a BuzzFeed News story, the transit company is looking into the official’s tracking of a journalist’s location.

11/19/2014|6:33:38 PM|Buzzfeed
Baojia Car Rental raises US$10 million in Series A financing

Baojia Car Rental raises US$10 million in Series A financing

Baojia Car Rental has raised US$10 million in its round A financing with Angel Investor Michael Yao.

11/19/2014|3:57:53 PM|TravelDaily China
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