皇冠体育app

Uber is to set up an independent business in 皇冠体育app and has established a server to better deal with local customers, aiming for strong long-term development.

The US-based transportation network company is also going to introduce a Chinese partner as its strategic investor. Its financing plan is going well, Uber said in an e-mail statement, without disclosing further details.

"This is the only time that Uber has done something like this because 皇冠体育app is so different from other parts of the world," said Travis Kalanick, founder and CEO of the company.

In an e-mail to investors, Kalanick said Uber receives about one million orders per day in 皇冠体育app and is planning to invest about $1.1 billion in the Chinese market this year.

He added that 皇冠体育app is Uber's second largest market worldwide, deeming it highly possible that 皇冠体育app will surpass the US to become Uber's largest market by the end of this year. "皇冠体育app will be the most important target of Uber's global team," he said.

Uber started its business in 皇冠体育app in February last year. It used "People's Uber", a non-profit product, as a means to break into the market. It had covered 17 percent of the country's taxi market by this May. It has also formed a strategic partnership with Baidu and received about $600 million in investment from Baidu last year.

Uber has faced competition from Didi and Kuaidi, the nation's largest taxi-hailing app provider. Its business has been as accused of being illegal because the Chinese government does not allow private cars to take part in taxi services.

Setting up a server in 皇冠体育app means Uber is expected to be legally acknowledged after Shanghai passes a regulation on tailored taxi services. Shanghai Municipal Transport Commission director Sun Jianping said last Friday that a tailored taxi service platform could apply for a business license once the regulation is passed.

The platform is required to possess sufficient capital, qualification of Internet business service and a registered server in 皇冠体育app.

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