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    Current page location: Home Page > Article > Uber co-founder starts new fund to invest in China
    Uber co-founder starts new fund to invest in China
    Browse volume:1388 | Reply:0 | Release time:2018-03-29 09:43:36

    Uber co-founder and former CEO Travis Kalanick started a new investment fund that will involve for-profit and non-profit projects, reports thepaper.cn citing American media. 

    The focus of 10100 (ten one hundred) will be "large-scale job creation, with investments in real estate, e-commerce, and emerging innovation in China and India," Kalanick wrote on his Twitter account. 

    His non-profit work will center on "education and the future of cities."

    Kalanick did not mention the size of his fund and a spokesperson declined to disclose more details about it.

    The Los Angeles Times reports that Forbes estimated Kalanick's net worth at 4.8 billion US dollars. 

    Kalanick co-founded Uber in 2009. He stepped down as CEO last year but remains a member on the company's board. 

    The taxi-hailing startup began its operations in China in 2014. It sold its businesses to Chinese rival Didi Chuxing in 2016.


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