By Linda Chiem ( June 23, 2015, 7:07 PM EDT) -- Uber Technologies Inc. has snagged a major Chinese backer in its latest funding round, signaling that the ride-hailing company may be gearing up for a long-rumored initial public offering, The Wall Street Journal reported Tuesday. Uber attracted a hefty investment in a convertible-bond deal that could reach up to $1 billion from Chinese fund manager Hillhouse Capital Group, according to the WSJ. Hillhouse is reportedly leading an investment in Uber that involves buying bonds that convert into shares at a discount to Uber's would-be IPO price. Hillhouse's investment in Uber's global parent comes right as Uber plans to make a bigger splash in China, where it has promised to invest $1 billion to expand its foothold in the ride-hailing space....
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