A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.
The new “mobility service providers” in China (and India) may show us a world without rental counters first.
The Hertz Corp.’s car rental partner in China (China Auto Rental Inc.) has launched its initial public offering (IPO) on the Hong Kong stock exchange to help increase its rental fleet.
Media company IMG Worldwide negotiates a deal with Beijing-based China Auto Rental and global superstar David Beckham.
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.
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).
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.
The car rental company removed its application to sell stocks in the U.S. in fear of damaging its ability to raise funds.
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.
Since starting in 2007, China Auto Rental has grown a fleet of 26,000 and said it hopes to take this number up to 100,000 in 2015.
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