Tagged China

Volkswagen, eHi Car Services Partner to Expand Mobility Services

Volkswagen Group China and eHi Car Services Limited, a car rental and car services provider in China, have signed a Memorandum of Understanding to jointly explore luxury mobility-on-demand services in China.

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eHi Announces Completion of $400M Offering

eHi Car Services Limited, a car rental and car services provider in China, has completed an offering of $400 million aggregate principal amount of its senior unsecured notes.

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Uber Halts Service in Macau

Following a disagreement with local regulators, Uber halted its ride-hailing service in Macau, China, as of July 22.

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An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

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First Car Rental Trade Event Convenes in Guangzhou, China

Held last week in Guangzhou, China, the International Car Rental Trade Fair and Festival drew some 500 attendees and featured about 50 exhibitors.

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Shouqi Car Rental Receives $309M in Funding

The funding will go into expanding Beijing-based Shouqi Car Rental’s fleet, as well as improving its marketing and technology.

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China’s Didi Launches Car Rental Service

Didi Chuxing, a Chinese-based ride-hailing company, has launched its car rental service.

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eHi Car Services Announces up to $150M Loan Facilities

eHi Car Services Limited, a car rental and car services provider in China, has announced that it has entered into an up to $150 million syndicated loan facility agreement.

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Singapore Peer-to-Peer Rental Company Opens in Shanghai

PPzuche.com, a Singapore-based peer-to-peer car rental company, has launched its long-term rental service in Shanghai.

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Didi Chuxing to Acquire Uber China

Didi Chuxing, a China-based ride-sharing company, has announced an agreement with Uber. It will acquire all assets of Uber China for operation within mainland China.

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car2go Tops 78K Members in China

After operating in the Chinese city of Chongqing for two months, Daimler’s car2go service already has more than 78,000 registered users.

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Car Rental Likely to Grow in China

Car rental companies and investors have noticed a gap between the number of licensed drivers and privately owned cars, which could result in a high demand for rental cars.

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Daimler Launches car2go in China

German carmaker Daimler has launched its car2go carsharing service in China’s Chongquing municipality with 400 smart fortwo vehicles.

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For the Future of Car Rental, See China

The new “mobility service providers” in China (and India) may show us a world without rental counters first.

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Hertz Reduces Shares of China Auto Rental

Hertz Global Holdings has reached an agreement to substantially reduce its equity position in China Auto Rental (CAR Inc.), China's largest rental car company, while at the same time extending its existing commercial agreement between the two companies to 2023.

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China Leads Global Business Travel Spending

In the next five years, China business travel will increase by 61% (from $261 billion in 2014 to $420 billion in 2019). Asia Pacific owns the largest share of the business travel spend market with 39%, followed by North America with 27%.

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NY Hedge Funds Invest in Chinese Car Rental

Tiger Global Management LLC and SRS Investment Management LLC, two New York hedge funds, plan to invest $150 million in shares in eHi Car Services, a car rental and chauffeuring company based in China.

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eHi Car Services Selected as Provider for Chinese Government

Shanghai-based eHi Car Services will serve as an official vehicle services provider for China’s central government agencies and subordinate units for 2015.

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Chinese Car Rental Companies Permitted to Offer Chauffeur Services

The Ministry of Transport in China is now allowing car rental companies to offer chauffeur services through their online platforms.

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Car2go to Launch in China

Car2go will be launching its car-sharing service in the Chinese city of Chongqing within a year. This pilot program will bring several hundred of its smart fortwo vehicles.

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