A hey car rental 25 million dollars strategic investment quick Taxi

Hey, a car rental. Documents submitted to the SEC show that April 21 this year, a car rental through its wholly-owned subsidiary of 25 million U.S. dollars strategic investment quick Taxi, accounting for 8.4%, in addition to the right to buy their preferred shares.

On the October 3, in the context of the successful listing of the Hong Kong stock Exchange by rival Shenzhou, a car rental announced that it would formally submit an IPO application to the SEC and plan to go on sale to the NYSE for $200 million.

It's not hard to find out from a car rental prospectus that how to achieve profitability in a business model of heavy assets is becoming a top priority for a car rental. Hey, a car. The loss of nearly three years is 330 million yuan, 371 million yuan, 156 million yuan, but its losses also narrowed to a certain extent, 2014 years ago two yuan and 17.84 million yuan respectively.

Previously, a hi-rent car has completed four rounds of financing, respectively:

March 2008, the 5 million dollar a-round investment of qiming venture and ignition.

July 1, 2009, won the Ding-Hui venture capital, set the rich Asia and the first round of investors qiming venture with the investment of 20 million U.S. dollars B round of financing.

August 26, 2010, led by Goldman Sachs, Qiming venture, Ding-hui venture, ignition
Capital, the rich Asian and the Han, and invested 70 million dollars

December 2013, Ctrip injected a 100 million dollar car rental, become a hi-car rental second largest shareholder.

In this regard, quick taxi said, "the company has completed the B round of financing earlier this year, the total financing of more than 100 million U.S. dollars, a total of four investors, by Alibaba, one of the participants." The current quick taxi has completed the C round of financing, financing scale of more than B round.