Chinese venture funding in U.S. startups crested to a record $3 billion last year, according to New York economic research firm Rhodium Group.
Uber is eager to beat Lyft to Wall Street, a sign of the company’s entrenched competitiveness.
Uber plans to begin driving “a handful” of cars on a mile loop between two company offices in Pittsburgh, where Uber first debuted its autonomous vehicles in 2016.
Stripe will use the funds to fuel growth in key overseas markets such as Southeast Asia and India
Uber must meet its self-imposed deadline of an IPO next year or a shareholder provision that would lift transfer restrictions on shares could create a chaotic market of buying and selling Uber stock.
A Chinese government database showed that Facebook had gained approval to open a subsidiary, but the registration has since disappeared.
Investors poured $3.5 billion into scooter- and bike-rental startups globally for the first half of 2018, according to data firm CB Insights.
Lightspeed is eyeing a business expansion to Southeast Asia and wants to add investments in cryptocurrency, biotech, new TV streaming services and even cosmetics companies.
The possibility of a regulatory crackdown has caused unease in the startup world.
The round was led by Sequoia Capital and joined by investors Accel, B Capital, CRV, Sound Ventures, Greycroft and e.ventures.