Related: eHi Car Services Selected as Provider for Chinese Government
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.
by Staff
June 16, 20151 min to read
eHi Car Services, Shanghai-based auto rental and chauffeuring company, has announced that Tiger Global Management LLC and SRS Investment Management LLC, two New York hedge funds, are investing up to $150 million in shares for the car rental provider to expand its services in China, according to a Wall Street Journal report.
Under the agreements, Tiger Global and SRS are providing $134 million while the rest of the shares are being sold to Tiger Global and SRS by existing investors, including Ctrip.com International Ltd., according to the report.
Last year, eHi Car Services operated a fleet of nearly 20,000 vehicles in 99 cities across China. The company plans to expand that number to 35,000 to 40,000 vehicles this year, says the report.
Click here for the full Wall Street Journal report: http://www.wsj.com/articles/tiger-global-srs-to-invest-in-chinas-ehi-car-services-1432286272
More Rental Operations
Clean on Paper: Red Flags in Exotic Car Rental Verification
A suspicious $45,000 Lamborghini booking reveals the strengths and limitations of renter verification, from forged insurance documents to coverage gaps and unauthorized drivers. (Part 2 of 3)
Read More →
Turo and Tesla Take the Next Step Toward Autonomous Car Rentals
The partnership brings Tesla's Full Self-Driving (Supervised) technology into the rental experience, offering a glimpse of how increasingly automated vehicles could change car rental.
Read More →
How Rental Operators Can Navigate Personalized Pricing Rules
As regulators scrutinize the use of customer data in pricing, rental operators need to know whether they can explain why one renter pays more than another.
Read More →
Direct, Broker or Hybrid? How Travel Retailers Source Rental Cars
As travel retailers weigh direct supplier relationships against third-party distribution, rental operators need to understand how those decisions affect their business.
Read More →
How Did This Independent Rental Operator Grow to 170 Vehicles in 4 Years?
With 170 vehicles across three Kentucky locations, Joel Price relies on an overseas team to handle reservations, payments, and after-hours customer service. It's one part of an unconventional approach to growing an independent rental operation.
Read More →
What Does It Take to Succeed in B2B Rentals?
The fundamentals may be familiar to daily car rental operators, but project-based truck rentals put different demands on the fleet and the business.
Read More →
NPR Builds on International Partnerships to Grow Rental Bookings
With Ana Laborde supporting broker development, NPR Auto Group is tailoring distribution strategies, rate packages, and partnerships to grow international reservations across its three brands.
Read More →
Advantage, Sixt Place Among Top Five in Annual Satisfaction Study
While Enterprise and National retain the top spots in JD Power’s 2026 rankings, the latest customer satisfaction results suggest renters can find competitive service beyond the biggest car rental names.
Read More →
The $100,000 Insurance Trap in Exotic Car Rentals
Exotic rental agencies often rely on customers’ personal auto policies to protect six-figure vehicles. But policy language can dramatically change the coverage for vehicles over $100,000 MSRP.
Read More →
The Booking Is Confirmed, But Is Your Customer Ready to Drive?
For international renters, a confirmed reservation doesn’t always mean they’re eligible to drive. Earlier checks can help operators catch documentation and payment issues before the customer reaches the counter.
Read More →