Yunfeng-Backed Ucar Completes $569M Fundraising, Files For NEEQ Listing

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Ucar Group, a mobile app-based chauffeured car service unit launched by Chinese rental car company Car Inc., has raised RMB3.68 billion (US$569 million) in a new round of financing and filed to list on China’s New Third Board.

China Money Network

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Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.

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