News: Taxi for China.
Uber hailed a deal to expand its presence in China. The transport firm said it signed up with car maker Guangzhou Automobile.
The firms said they will work together on sales and marketing as Uber is expected to promote Guangzhou Automobile’s hybrid or electric cars and its used-car trading platform to ride-sharing service drivers and partners.
Agence France-Presse cited Uber China head of strategy Zhen Liu as saying: "I believe we can unlock new opportunities to evolve how China moves, and open up even more transportation possibilities for riders across China."
Uber’s share in the Chinese market had rose from 1% at the start of the year to about 30%, but it still faces tough competition from Chinese counterparts like Didi Kuaidi.
Apart from Competition, Uber faced tough times in China when Hong Kong office were raided by police in connection with a sting that led to the arrest of five drivers, in the latest regulatory woe for the taxi app firm.
The police found drivers without the right permits or insurance accepting fares, according to local media reports.