China-based mobile chauffeur booking app service Ucar Group, a subsidiary of Car Inc, has raised CNY 3.68 billion (about $568 million) in funding from affiliated funds under Alibaba Group Holding Ltd, China International Capital Corp, CITIC Securities and Shenwan Hongyuan, with a valuation of RMB 28.7 billion.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
