Uber
Uber plans to enter more than 100 new cities in China in the next 12 months. Reuters/Lucy Nicholson

Uber Technologies Inc's [UBER.UL] China unit will enter 100 new cities in the next 12 months, the U.S. ride-hailing service's Chief Executive Travis Kalanick said on Tuesday, a rapid ramp up from the previous goal of 50 new cities.

Kalanick made the comments at an event held by Uber investor Baidu Inc (BIDU.O) in Beijing. On Monday, Uber China said it had raised $1.2 billion as part of an ongoing fundraising round.