Search results for “chauffuer”
CAR Inc. solidifies its position, entry barriers get stronger too
03/18/2016|11:12:19 AM|
As debt financing, vehicle purchasing and setting up operations and a brand get tougher in auto mobility, CAR believes its current position is quite strong at this juncture.
Alibaba completes surprising investment in UCAR with a 10% stake
03/24/2016|5:08:53 PM|
Alibaba is said to have completed its investment in B2C chauffeured service UCAR, splashing out RMB 3 billion in exchange for nearly 10% of UCAR’s shares.
UCAR raises RMB 3.68 billion in latest funding round
04/13/2016|2:27:31 PM|
UCAR completed a financing round on February 29 and raised RMB 3.68 billion, pushing the company’s post-money valuation to RMB 28.7 billion, according to Charles Lu, chairman of the Chinese chauffeured service provider
UCAR becomes controlling shareholder of CAR Inc. after shares transfers
03/16/2016|10:09:54 PM|
Following share transfers from Hertz Holdings and the management of CAR Inc. to UCAR, the chauffeured service provider will become the largest shareholder of CAR Inc.
MOT bans private cars from limo service
01/09/2015|4:03:10 PM|
The Ministry of Transport (MOT) has given the green light to chauffeur service offered by taxi apps but prohibits private cars from taking part in the service.
UCAR completes restructuring and may go public this year
02/18/2016|8:41:58 AM|
UCAR has completed its restructuring and is considering a listing on either the New Third Board or the Strategic Emerging Board, the former preferred. The company is not planning a C-round funding before listing.
HNA-Caissa-led consortium to acquire 43.88% of FlightManager for RMB 933 million
03/25/2016|10:16:44 PM|
A consortium led by HNA-Caissa and Caissa Sega, along with CAAC Private Equity Fund and Beijing CAAC HeYuan Investment, plans to invest RMB 933 million to acquire 43.88% shares of Shenzhen Huoli Tianhui Technology, the parent company of flight management App FlightManager.
Transport Minister: Car-hailing rules draft completed
03/10/2016|11:31:26 AM|
China's transport minister announced that the provisional rules on car-hailing service had been drafted while reiterating this does not necessarily mean legitimization of the business.
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