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China Daily reported that the upcoming Chinese New Year — also known as the Spring Festival — on Feb. 9-15 will influence the car rental industry as companies can expect a busy rental season.
Read More →The car rental company’s CEO responded to negative publicity by lowering car rental rates to as low as 50 Yuan per day, which is about $8 (US).
Read More →In the southeast of the People's Republic of China, car rental companies in the city of Xiamen are working to form a network of car rental companies in partnership with the local government.
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Despite the current slowdown in growth in China based on a low demand for Chinese exports, the government focus on infrastructure and domestic growth is expected to boost spending.
Read More →The 2013 Global Business Travel Forecast from America Express expects rates to rise moderately in Latin America, Asia and Eastern Europe with a conservative increase expected in North America.
Read More →The Ministry of Transportation announced that passenger vehicles will be allowed to drive on China’s highways toll-free during the Mid-Autumn Festival and National Day holidays, causing major increases to car rental bookings.
Read More →Warburg Pincus has raised 13 funds and has invested more than $40 billion in 650 companies in more than 30 countries and will strengthen China Auto Rental’s position in China's car rental industry.
Read More →A report released by the Global Business Travel Association predicts a 17% increase in business travel spending in China this year.
Read More →The car rental company removed its application to sell stocks in the U.S. in fear of damaging its ability to raise funds.
Read More →Last week, the Chinese car rental company announced that it has postponed plans to offer public shares after being the first China-based company to file for a U.S. listing since regulators changed rules on foreign registration.
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