Beijing-based P2P (peer to peer) car sharing platform PPzuche.com has received US$60 million series B financing led by Morningside Ventures and IDG Capital Partners.
eHi Car Services plans to raise $130 million by offering 10 million ADSs at a price range of $12 to $14.
So it’s been a long six months and we have been meeting investors and venture capital firms across US, India and Middle East.
SoftBank, the Japanese tech powerhouse, flush with billions from its extremely lucrative Alibaba investment, has led a $210 million investment in Ola, an Uber-style service in India.
Oct 28, Alibaba Group announced today that it will upgrade its online travel subsidiary “Taobao Travel” by launching a new brand called “Alitrip” (Chinese: Qua).
Alibaba subsidiary “Taobao Travel” will shed the Taobao link to promote itself as an independent online travel brand the new brand name will be announced on Oct.28.
On the 19th of October P2P private car rental platform Atzuche announced that it had received US$10 million in its series A financing.
Major Chinese car rental company eHi Car Service invested US$25 million in Chinese taxi app Kuaidadiche.
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