Ucar continues to up its stake in Car Inc.

18 Jul 2017
Alibaba-backed Ucar Group (神州优车) purchased equity of its sister company Car Inc. (神州租车有限公司) to the value of 700 million RMB ($103 million U.S.). Car Inc. is China’s largest car rental service provider. It is listed on the Hong Kong Stock Exchange,

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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.