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Membership-based rental firm closes funding; Hong Kong arrivals still down 97% | Daily Brief

11/02/2022|11:13:41 PM|

Taiwanese carriers add Shanghai flights; Geely's LEVC set up new ride-hailing brand.

Apple gives up Didi board seat; Hong Kong gets nod for reverse quarantine program | Daily Brief

09/01/2022|9:39:21 PM|

Chinese OTA Tuniu reports wider net loss in Q2; Chengdu orders 21.2 million people to stay home.

Shanghai shuts schools due to fresh outbreak; Didi to halt Hong Kong listing plans | Daily Brief

03/11/2022|10:34:39 PM|

Hong Kong shares of dual-listed Chinese companies plunge as US-delisting fears resurface; Hong Kong exodus pushes Singapore’s monthly foreign visitor arrivals from city to 2-year high.

UCAR to acquire 14.54% of CAR Inc. for RMB 1.917 billion

10/30/2017|10:50:08 AM|

China’s chauffeured car service provider UCAR announced its plan to buy 318 million shares of CAR Inc., a provider of car rental services, for HK$ 2.262 billion (RMB 1.917 billion).

Didi Chuxing raises USD 7 billion

06/16/2016|11:15:54 AM|

The world’s biggest ride-hailing companies, US-based Uber and China-based Didi Chuxing, are smashing records for private-company financing.

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.

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