Uber expands reach with Yongda alliance

Uber Technologies Inc, the California-based online taxi service provider, has formed a partnership with leading luxury car dealer China Yongda Automobiles Services Holdings Ltd, to expand its services in China into sales of automobiles and financial services.

Car-leasing companies working on Uber's platform will be able to buy new vehicles from Yongda at preferential prices, with the Chinese company also offering customers after-sales services, loans, and other finance deals.

Uber said all the added services will come at no extra fees for its car-leasing company customers.