Uber Officially Enters Chinese Market with Shanghai Soft Launch
Taxis wait in traffic in Shanghai. Charlotte Powell / Flickr
Uber’s widespread regulatory battles haven’t slowed investor interest, but its $3.5 billion valuation depends on a successful global expansion as well as breaking out of car services to add more value to its apps.
Excerpt from The Next Web
After months of speculation, taxi-finding service Uber has finally launched in China after it began a test phase in Shanghai, its first city in the country.
City Weekend reports that the service will initially charge passengers in US Dollars, while its fleet of cars will focus on limited geography within the city, specifically the French Concession and Xintiandi areas.