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Search results for “CAR Chauffeur”
Chauffeured war heating up as Didi set to complete another financing round
04/11/2016
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4:29:02 PM
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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
Alibaba’s rumored partnership with UCAR may intensify car-hailing competition
03/28/2016
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2:09:29 PM
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While the report of Alibaba taking a stake in UCAR is still not officially confirmed by either party, the companies have been collaborating closely and quietly.
CAR Inc. solidifies its position, entry barriers get stronger too
03/18/2016
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11:12:19 AM
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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.
CAR Inc. net profit soars by 220% thanks to hired and rental services
03/11/2016
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10:17:23 PM
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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.
Alibaba completes surprising investment in UCAR with a 10% stake
03/24/2016
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5:08:53 PM
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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
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2:27:31 PM
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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
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10:09:54 PM
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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.
Warburg Pincus plans USD 2 Billion Fund in China
03/28/2016
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3:52:23 PM
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Warburg Pincus LLC is eyeing another USD 2 billion for a new China private equity fund to invest following its latest USD 12 billion global fund.
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