Uber has raised another billion-dollars-plus to invest in China, according to an interview its CEO Travis Kalanick gave to a well-respected Chinese tech news wire.
The interview has been picked up by financial and tech newswires, which are saying that an Uber China spokesperson has confirmed the initial report.
Talking to Sina.com, Kalanick said that Uber's latest round has raised $1.2bn so far, and with talks still taking place this sum could increase further. He also said that Baidu, China's biggest search engine and which already has an undisclosed stake in Uber, led the financing.
The news from Uber comes at the same time as other reports claim that Didi Kuaidi, the biggest taxi app business in China, has raised $3 billion of its own.
While there is no official word on this, TechCrunch has had it confirmed by sources close to the company.
Less than two months ago Didi confirmed it had raised $2 billion.
Uber was always going to be playing catch-up in China, even before the merger earlier this year of Kuaidi Dache and Didi Dache to create Didi Kuaidi.
But it does look as if Kuaidi is taking the Uber threat seriously, or at least seriously enough to make sure that its warchest will dwarf Uber's.