Jan 14, 2016 05:38 PM

Uber's Kalanick Says His Firm Has the Support of Chinese Investors

By staff reporters Liu Xiaojing, Ding Feng, An Limin and Qu Yunxu

(Beijing) – Uber Inc. says it has secured investments from at least five Chinese companies, an announcement apparently aimed at ending speculation that investors in the country were not interested in the San Francisco-based car-hire firm.

Uber CEO Travis Kalanick told Caixin on January 11 that Hainan Airline Group, Guangzhou Automobile Group Co. Ltd., Citic Securities and the insurers China Taiping and China Life were among "a long list of Chinese firms with investment in Uber."

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