China’s People’s Insurance Co Injects $350M In Ride Hauling Firm Ucar

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Ucar Group, a ride hauling service unit launched by Chinese rental car company Car Inc., has received RMB2.4 billion (US$350 million) strategic investment from People’s Insurance Company of China Holdings Co., bringing the company’s total fundraising this year to RMB7 billion (US$1 billion).

China Money Network

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