Transport Cars

China’s Largest Rental Car Site Seeks to Raise $400 Million in IPO

Excerpt from Tech in Asia

Jun 01, 2014 7:00 am

Skift Take

Although the car rental site just filed its IPO, it faces an onslaught of competition for app-based and car-sharing services that are growing in popularity around Asia.

— Samantha Shankman

Register Now for Skift Global Forum

 / Shenzhou Zuche

Shenzhou Zuche is China’s top car rental site and service. / Shenzhou Zuche


What’s Shenzhou Zuche? It’s China’s top car rental site and service. The startup had just a few hundred self-drive rentals in 2009, but it’s now grown to 55,400 vehicles, according to China Auto Rental’s IPO filing.

China Auto Rental filed with the Hong Kong Stock Exchange (SEHK) last week (see PDF), but today Netease Tech reports an update that the company is aiming to raise US$400 million from its IPO. 

Read the Complete Story →

Tags: ,

Next Up

More on Skift

IPO-Bound Virgin America Plans Route Expansion
Skift Business Traveler: Delta Improves Its In-Flight Entertainment
More Travelers Seeking Customer Service Help on Facebook Than Twitter
What Today’s Global Business Travelers Need In a Corporate Travel Program