Uber Technologies Inc's China unit is collaborating with Guangzhou Automobile Group Co (GAC) to offer automotive related services in China, according to a regulatory filing. The two will work together in areas such as equity investment, car sales, after sales services and insurance.
The regulatory filing did not disclose the size of the investment and Uber also refused to provide details of the partnership, according to a report in The China Daily.
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The report said that Uber has been seeking new local investors for its business in China, so that it can be recognised as a local firm by industry regulators.
The report added that Uber's worries stem from concerns that its US origin may put it on a confrontational course with the regulators especially as there are no regulations in place yet for the car-hailing sector in China.
