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New investor of Yidao Yongche displaces LeEco as majority shareholder

06/30/2017|11:40:05 AM|

Chinese ride-hailing firm Yidao Yongche announced that it has brought in a new investor which will replace LeEco as controlling stakeholder of Yidao.

Ride-hailing platforms including Didi and Uber raise prices, no more money burning

07/28/2016|11:33:16 AM|

Ride-hailing platforms including Didi, Uber, UCAR and Yidao have cut subsidies and raised prices in several cities since last month.

Chauffeured war heating up as Didi set to complete another financing round

04/11/2016|4:29:02 PM|

Not long after Uber expressed confidence in turning a profit in China within two years, its arch rival Didi Chuxing is to close yet another round of funding, with UCAR-linked Alibaba among the investors

CAR Inc. net profit soars by 220% thanks to hired and rental services

03/11/2016|10:17:23 PM|

Buoyed by its strategic expansion in car-rental, ride-sharing and second-hand car trading, the B2C-focused CAR Inc. registered 220% growth in net profit last year.

eHi eyes a portfolio of comprehensive mobility solutions

06/01/2015|9:18:09 PM|

eHi is currently evaluating its P2P car rental platform, as it becomes clear that car rentals in China aren't fitting into the traditional defintion of the industry.

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