Consoling Uber: old fine and new investment
Megamind wrote that on July 15, 2015, Californian regulators presented a $ 7.3 million fine to Raiser-CA, a subsidiary of Uber , for providing incomplete information about work in 2014. The company had the opportunity to file an appeal or pay a fine within thirty days.
In turn, representatives of the taxi service claim that they did not hide anything and reported on all items, and their lawyers appealed against the decision on the fine.
The lawsuit dragged on, both sides still stand their ground. But if Uber does not pay the fine now, the state authorities will “freeze” the company's license and suspend its work in California. Therefore, despite its plans to appeal the decision of the court, Uber will allocate money to pay the fine. By the way, its size since July managed to grow to $ 7.6 million, writes The Verge.
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Raiser-CA provides UberX services in California. The California Public Utilities Commission did not receive reports from the company about the number of taxi orders made by people with disabilities and the availability of cars capable of carrying out such orders.
The second violation of the company was the failure to provide information on the number of trips ordered, the number of failures and the amount of money paid by customers. The third violation is the lack of information about traffic accidents involving UberX drivers.
But in China, things Uber go uphill. Representatives of the Chinese service division received nearly $ 2 billion in additional investment.
Thus, Uber China has increased its valuation to $ 7 billion. Investors were the operator of the fourth largest Chinese airline HNA Group , insurance China Taiping Insurance Holdings and China Life Insurance , automobile Guangzhou Automobile Group , investment bank Citic Securities . Among the previously unrecorded investors are Chinese companies China Minsheng Banking Corp. , China Vanke Co Ltd and China Broadband Capital .
Also, representatives of Uber say that its share in the Chinese market has grown since 2015 from 1% to 30-35%, reports Reuters.
In turn, representatives of the taxi service claim that they did not hide anything and reported on all items, and their lawyers appealed against the decision on the fine.
The lawsuit dragged on, both sides still stand their ground. But if Uber does not pay the fine now, the state authorities will “freeze” the company's license and suspend its work in California. Therefore, despite its plans to appeal the decision of the court, Uber will allocate money to pay the fine. By the way, its size since July managed to grow to $ 7.6 million, writes The Verge.
')
Raiser-CA provides UberX services in California. The California Public Utilities Commission did not receive reports from the company about the number of taxi orders made by people with disabilities and the availability of cars capable of carrying out such orders.
The second violation of the company was the failure to provide information on the number of trips ordered, the number of failures and the amount of money paid by customers. The third violation is the lack of information about traffic accidents involving UberX drivers.
But in China, things Uber go uphill. Representatives of the Chinese service division received nearly $ 2 billion in additional investment.
Thus, Uber China has increased its valuation to $ 7 billion. Investors were the operator of the fourth largest Chinese airline HNA Group , insurance China Taiping Insurance Holdings and China Life Insurance , automobile Guangzhou Automobile Group , investment bank Citic Securities . Among the previously unrecorded investors are Chinese companies China Minsheng Banking Corp. , China Vanke Co Ltd and China Broadband Capital .
Also, representatives of Uber say that its share in the Chinese market has grown since 2015 from 1% to 30-35%, reports Reuters.
Source: https://habr.com/ru/post/297892/
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