Getaround and the broader car-sharing industry had been facing challenges even before the pandemic.
A source told ChinaTravelNews that Klook spent less than USD 10 million in its acquisition of Huizhuche, a price tag much lower than the car rental firm's claimed value after its series B round.
India has over 20 million people traveling between cities on a daily basis with a majority of 55% using intercity buses.
Turo lists 450,000 vehicles available for its user base of more than 14 million.
The car rental service will start out in Hainan and may be expanded later to other tourist destinations and large cities.
Travel time between the two 2022 Winter Olympics hosts will reduce from current three hours of road journey to 47 minutes of rail time.
Beijing-Shanghai High-Speed Railway plans to sell 6.3 billion new shares, or 12.8% of enlarged capital, through the listing in Shanghai.
Most users of overseas car rentals were from the US, Australia, the UK and across Asia.
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