Taxi
booking firm Uber has completed the latest stage of a fundraising, valuing the
fast growing business at $40bn (£25.5bn).
The
San Francisco company has raised another $1.2bn from investors in a deal that
confirms its status as one of most highly valued new technology start-ups.
In
June, a sale of shares to investors valued Uber at $17bn.
In a
blog post on Thursday, Uber's co-founder Travis Kalanick said the new money
would help expansion in Asia.
The
company, which
