China Digest: Car rental site TOGO, bike charger Xiaolvren & Shanghai Youhug Media raise funding

China Digest: Car rental site TOGO, bike charger Xiaolvren & Shanghai Youhug Media raise funding

Photo by Kevin Lee/Bloomberg News

In multiple investment updates from China, vehicle rental platform TOGO and an electric bike charger developer have raised growth investments to advance their operations. Meanwhile, media and entertainment management firm, Shanghai Youhug, has secured financing.

Car rental platform TOGO gets $22m Series B

Beijing-based car rental firm TOGO has raised a $22 million Series B led by SIG, an investment firm focused on e-commerce, health and other ventures.

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