Warburg, CICC-Backed Ucar Lists On NEEQ Valued At $5.5B

In less than 20 months, Ucar Group, a mobile app-based chauffeured car service unit launched by rental car firm Car Inc., has completed a listing on China’s New Third Board with a valuation of RMB36.9 billion (US$5.5 billion), a staggering feat even in China’s rapid-paced tech world.

China Money Network

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