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Search results for “Car-hailing”
UCAR projects profit in 2017 after posting 7.3-billion-yuan net loss in two years
03/20/2017
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10:16:11 AM
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Car-hailing firm UCAR registered operating revenue of RMB 5.85 billion in 2016, up by 235% YoY, while net loss was RMB 3.6 billion. CEO Mr. Charles Lu was optimistic that UCAR would return a profit this year.
UCAR’s latest 4.6-billion-yuan placement falls short of target
03/03/2017
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10:15:38 AM
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Chinese taxi App UCAR announced that it has raised RMB 4.6 billion in a private placement to four new investors. The proceeds was less than half of the company’s original fundraising target of 10 billion yuan.
ChinaTravelNews Briefing: Ctrip Car licensed to run, Meituan buys Mobike, Airbnb Plus
04/08/2018
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5:49:42 PM
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Ctrip Car gets the nod to run ride-hailing business; Meituan extends its offerings to 320 million annual active users through its Mobike acquisition; and higher fuel cost is affecting the growth of airlines.
ChinaTravelNews Briefing: Tencent vies for railway WiFi service, Meituan denies funding and more
04/20/2018
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2:48:41 PM
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Both Tencent and Alibaba are eyeing a stake in Bullet Train Networks, Ctrip joins a consortium in a bid for car rental firm eHi’s privatization, and more in this week’s Briefing.
Didi said to mull billion-dollar fundraising
03/03/2017
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3:13:56 PM
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Didi Chuxing, the ride-sharing firm that acquired Uber Technologies’ China unit last year, has held informal talks with investors about raising billions of dollars to buy more time to build a profitable business model, reported Bloomberg.
Ctrip cuts into car-sharing market for a slice of the growing pie
02/23/2018
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2:47:30 PM
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Ctrip’s car unit CEO believes that the current fragmented needs for car rental usage, unlike daily and monthly rental demands in the past, cannot be ignored.
Ctrip acquires TangRen World to tap destination ground transport
01/03/2017
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9:53:18 AM
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ChinaTravelNews learned from Ctrip that the company has acquired overseas chauffeur service provider TangRen World and will further improve its overseas ground transport management and quality control in the future.
Transport Minister: Car-hailing rules draft completed
03/10/2016
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11:31:26 AM
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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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