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eHi boosts car share service while UCAR beefs up car dealing platform as authorities give go ahead to car share concept

06/07/2017| 7:36:52 PM| ChinaTravelNews

eHi Car Sevices reported 33% increase in first quarter income, boosted by car rental and car services, while UCAR aims to raise $2 billion for its e platform for car dealing.

The latest financial results of eHi Car Services, announced on June 5, showed the company has gained 33.7% in first quarter incomes, from RMB 460.5 million in Q1 2016 to RMB 615.6 million in Q1 this year, driven by increased incomes in car rental and car services. Marginal profit at RMB 192.1