Ucar to invest $350 million US in Maimaiche.com

11 Jul 2017
People’s Insurance Company of China Holdings (中国人保), China’s largest car insurance company, acquired 142 million shares in Alibaba-backed UCAR Group (神州优车集团). The acquisition was priced at a total of 2.4 billion RMB ($353 million U.S.), or 16.8 RMB per share.

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Tom Marling

Tom is a PhD candidate in Chinese History at Hong Kong Baptist University, and former PR consultant in Mainland China. He joined the AIM Group in 2016 as a writer/analyst.