Report: Uber Deems China Its "Number One Priority"

Uber is looking to invest more than $1 billion in China this year, according to an email from CEO Travis Kalanick to investors.

Since making its way to China last year, Uber has grown exponentially in cities like Hangzhou and Chengdu. In fact, during its first nine months in China, the ride-hailing company brought in more than 400 times as many rides as it did in during its first nine months in New York. These numbers come from an email to investors sent by Uber CEO Travis Kalanick, which the Financial Times published Friday morning.

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