Uber's China division has closed a series B funding round at a valuation of US$7 billion, the ride share giant's chief executive Travis Kalanick said at an event in Beijing. Investors in the round, whose value is undisclosed, include the HNA Group, China Taiping Insurance Holdings, Guangzhou Automobile Group, China Life Insurance, and Citic Securities. […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.