Comment on Ctrip Leads A $100 million Funding Round in Chinese Car Rental Service eHi by Blacklane Car Service To Launch In Chinese On Baidu-Backed Qunar - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2013-12-20 00:00:00

Ctrip, the Chinese online travel giant, will lead a $100 million funding round in Chinese car rental company eHi AutoServices for a 20% stake, according to eHi (Weibo). It’s only one day after Yongche, another Chinese car rental service, announced $60 million funding round. EHi was founded in 2006 as a traditional car rental company. Now the company has presence in about 70 Chinese cities with more than 500 stores, with over 13,000 cars available. Ctrip launched an online car rental platform last year by partnering with eHi and another similar service AVIS.