Uber has received US$200 million of fresh funding led by Chinese insurance company China Life with participation from other, unnamed investors, a person familiar with the matter told TechNode yesterday.

Uber has attracted billions in investment from more than 40 investors, including Google, Goldman Sachs and Fidelity Investments. It now seems the ride-sharing service is targeting Chinese financing.

The deal will be Uber’s second capital injection from Chinese investors in past five months. China search giant Baidu poured an undisclosed investment into Uber in December last year, and granted Uber access to the search giant’s local map service. The recent investment confers the same valuation of US$40 billion.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.