Drops quickly to confirm a new round of financing CEO over 1.5 billion dollars
The car market in China face type burn defends, Uber and drops are fairly tacit quickly start a new round of funding.
Uber then falls rapidly to counter the spread has been in the June 22 start financing its China business in the Chinese market shortly thereafter drops new quick round of funding also surfaced.
Reporters get fast falls Cheng Wei, president and CEO letter to shareholders showed rapid drops already announced last week by global investors to raise about $ 1.5 billion, in order to promote the development of the next stage week today.
"In five days time, this round of financing will be oversubscribed, so we intend to increase the size of the financing." Explained Cheng Wei.
Before that, there was news that drops quickly complete a new round of financing was oversubscribed, has exceeded $ 20 billion, financing of the fastest details announced within a week. Alibaba, Tencent large stakes in this round of financing. In addition, sources said, this round of financing valuation drops quickly upgrade to $ 130 billion to 15 billion, compared to February this year increased by 1 times.
But the official was quick drops and did not comment on the news.
Not short of money funding amount of the previous legislature, it falls quickly once. After all, before the merger falls quickly drops first it announced the acquisition of $ 700 million in funding fastest D, shortly after series also announced the acquisition of $ 600 million in financing.
Just after launch and business people Uber Uber express business in direct competition, demand drops quickly burn amplified.
Before the formal launch of the express company, company president Liu Qing drops quickly accepted as the "First Financial Daily", which includes a media interview, said, "the news can see, the two sides of the merger lot Money we know. Is not continue funding remains a question mark, we have to go find the do not pass the flowers, not bad money, but there are some investors that we are going to absorb, not for the purpose of funding, but in order to meet strategic ".
Interestingly, even after this round of war burn cheap financing needs caused by rapid car, Cheng Wei stressed they still rate drops quickly grant has been very cautious in the letter to shareholders. "We know that excessive subsidies, for example up to 2-3 times the subsidized rate is detrimental to market development, leading to the prevalence of fraudulent activity."
