Kalanick, who was ousted as CEO of Uber in June, announced Wednesday that he's started a new investment fund called 10100. Under Kalanick, the ride-hailing startup failed to crack the Chinese market, selling off its business there to Chinese rival Didi Chuxing in 2016. Before Uber threw in the towel, Kalanick said it was burning through $1 billion a year trying to compete in China. In India, Uber and competitor Ola have clashed publicly in their fight to win customers -- and the battle is ongoing. Just last week, Axios reported that he had joined the board of a health tech startup, Kareo.

Source: CNN March 08, 2018 03:56 UTC