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- Uber China
Uber China Valuation, Funding & Investors
Uber China is valued at $9B as of January 2016.
Last Uber China valuation
$9B
Series B · Jan 2016
Last Uber China funding round
$2B
Series B · Jan 2016
Cumulative funding Uber China raised
$2B
across 1 funding round
Key investors in Uber China
Hedosophia
Baidu
CBC Capital
CITIC Securities
Uber
China Life Insurance
Uber China Overview
About Uber China
Uber China is the Chinese ride-hailing business that Uber Technologies set up as a standalone company to run its service in mainland China. It offered app-based rides in Chinese cities, matching passengers with drivers and earning commissions on fares. Uber China raised its own capital from Chinese strategic and financial investors, including Baidu, insurers, banks, carmakers and conglomerates, alongside its parent, so that it could compete with Didi Kuaidi with local backing. The business spent heavily on rider and driver subsidies to win market share. In August 2016 Uber China agreed to combine with Didi Chuxing, which took over its operations and brand in exchange for a stake for Uber and its investors in the enlarged Didi.
HQ
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$9B (Jan 2016)
Sectors
Uber China Valuation
Uber China is currently valued at $9B, based on its Series B in January 2016. Read the announcement ↗
The $2B round was led by Baidu, with participation from CBC Capital, China Vanke, Uber, Haas Portman, Guangzhou Automobile Industry Group and 6 other investors.
Uber China valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2016 | Series B | $9B |
Uber China Funding History
Uber China has raised a total of $2B across 1 funding round.
Uber China funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2016 | Series B | Baidu (lead); CBC Capital; China Vanke; Uber; Haas Portman; Guangzhou Automobile Industry Group; China Life Insurance; China Taiping Insurance; Hedosophia; China Minsheng Bank; HNA Group; CITIC Securities | $2B | $9B | Uber China, the standalone Chinese arm of Uber Technologies, closed its Series B funding round on January 13, 2016, led by Baidu with participation from CBC Capital, China Life Insurance, China Minsheng Bank, China Taiping Insurance, CITIC Securities, Guangzhou Automobile Industry Group, Haas Portman, Hedosophia, HNA Group, Uber, and Vanke. The round valued Uber China at a pre-money figure of $7 billion, though the amount raised was not disclosed and described as over-subscribed. Uber China projected breaking even by 2018 on annual net revenue exceeding $2.4 billion and anticipated total bookings in China for 2016 surpassing Uber's worldwide bookings in 2014. Despite rapid growth and dominance in peer-to-peer ride-hailing in select major cities, Uber China trailed market leader Didi Kuaidi, which was heavily subsidizing at $70-80 million weekly. This investment preceded Uber China's acquisition by Didi Chuxing later in 2016, where Uber received a 17.7% economic stake in the combined entity for its roughly $2 billion prior investment. |
Who has invested in Uber China?
12 investors have backed Uber China across its funding rounds, including Hedosophia, Baidu, CBC Capital, CITIC Securities, Uber and China Life Insurance.
Lead investors include Baidu.
Uber China Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Lead | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jan 2016 | ||
This data is available for Pro users. Sign up to see all 12 Uber China investors. Start Free Trial | ||||
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Start Free TrialUber China Competitors
Uber China competitors include listed companies like Aurora Innovation, Lyft, Grab and DiDi, and private ones like Bolt and Ola.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3M | ($786M) | $8.9B | 971.4x | ||
| Private | $558M | - | $8.5B | - | ||
| Private | $129M | - | $6.7B | - | ||
| Publicly listed | $6.3B | $103M | $6.6B | 0.8x | ||
| Publicly listed | $3.4B | $350M | $14B | 2.6x | ||
| Publicly listed | $34B | $69M | $14B | 0.3x |
Uber China Public Comps
Uber China is still privately-owned, but its public comps include Aurora Innovation, Lyft, Grab, DiDi, Via Transportation, GO, Goto Gojek Tokopedia, Lime, CaoCao and Socar.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3M | ($786M) | 2652.1x | 971.4x | (10.1x) | (10.2x) | |||
| $6.3B | $103M | 0.9x | 0.8x | 58.0x | 8.7x | |||
| $3.4B | $350M | 3.2x | 2.6x | 30.5x | 14.3x | |||
| $34B | $69M | 0.3x | 0.3x | 150.4x | 25.1x | |||
| $434M | ($83M) | 6.3x | 5.2x | (33.1x) | (193.8x) | |||
| $262M | $48M | 4.5x | 4.2x | 24.4x | 18.5x | |||
| $1B | ($16M) | 0.3x | 0.3x | (20.3x) | 2.3x | |||
| $887M | $87M | 0.9x | - | 8.9x | - | |||
This data is available for Pro users. Sign up to see all Uber China competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Uber China
| Where is Uber China headquartered? | Uber China is headquartered in Beijing, China. |
| Is Uber China publicly listed? | No, Uber China is a private, VC-backed company. |
| What is Uber China's valuation? | Uber China was last valued at $9B in its Series B in January 2016. |
| How much funding has Uber China raised? | Uber China has raised $2B across 1 funding round. |
| What was Uber China's last funding round? | Uber China's last funding round was a $2B Series B in January 2016, led by Baidu. |
| Who are Uber China's investors? | Uber China's investors include CBC Capital, China Vanke, Uber, Haas Portman, Guangzhou Automobile Industry Group, Baidu, China Life Insurance, China Taiping Insurance, Hedosophia, China Minsheng Bank and 2 others. |
| Which companies are comparable to Uber China? | Companies comparable to Uber China include Aurora Innovation, Bolt, Ola, Lyft, Grab and DiDi. |
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