Sina Technology News Beijing time on the evening of December 24, according to foreign media reports, Uber announced today that the company's co-founder and former CEO Travis Kalanick (Travis Kalanick) will resign from the company's board of directors on December 31, 2019.

Kalanick will step down from the company's board of directors and "focus on his new business and philanthropy," Uber said in a statement. Kalanick was ousted by Uber in 2017 and is currently working on his latest business, CloudKitchens.

"Uber has been a part of my life for the past 10 years," Kalanick said in a statement. As the decade draws to a close, with the company going public, now is the right time for me to focus on my current business and philanthropy. I am proud of all the achievements of Uber and will continue to cheer for its future. I want to thank the board, Darla (Uber's current CEO, Daracos Rosassi) and the entire Uber team for all they have done to advance the Uber mission. "

Kalanick was ousted in 2017 by Uber, the US ride-hailing giant he co-founded, but remained on the company's board after a series of scandals. In 2018, Kalanick bought a controlling stake in Urban Storage Systems, a CloudKitchens holding company, for $150 million through the $10100 fund he founded.

Simply put, CloudKitchens, known as the "kitchen version of WeWork", usually takes over idle real estate space, equips it with kitchen facilities, and rents them to restaurants, food and beverage companies. CloudKitchens is responsible for providing them with a range of services such as real estate, facility management, technology and marketing.

Since his ouster in 2017, Kalanick has been selling shares in Uber through private deals. In May, after Uber's IPO, he owned about 6 per cent of Uber. In the middle of this month, Kalanick sold another $350 million in Uber shares. He has sold more than $2.1 billion of Uber shares since the lock-up period ended on November 6. (Li Ming)