Human cloud firm Uber Technologies Inc. is turning to the leveraged-loan market for the first time to raise as much as $2 billion, a sign of the popular ride-sharing network’s hunger for cash as it expands around the world, The Wall Street Journal reports. Uber hired Morgan Stanley, Barclay PLC, Citigroup Inc. and Goldman Sachs Group Inc. to sell a leveraged loan of $1 billion to $2 billion to institutional investors, people familiar with the matter told the Journal. The company plans to issue the debt in coming weeks, some of the people said. There is no guarantee the deal will take place.

The Wall Street Journal separately reported Didi Chuxing, China’s Rival to Uber, has raised $7 billion in its latest fundraising effort, giving it a host of allies including Apple Inc.