Uber said on Thursday that within a year, it is planning to expand into dozens more Chinese cities and invest $1 billion to increase the market share in the world’s most populous country.
Uber said in a statement that it has entered China in February 2014, and will expand its operation into 100 Chinese cities within a year from the current 21.
It will be investing up to 6.3 billion yuan ($1 billion) in China in a bid to increase its presence in the country and set up in Shanghai’s Free Trade Zone.
