Comment on China’s Yongche Gets Series C Funding, A Battle Among Car Rental Services is Imminent? by Herby Arthur

['Emma Lee', 'More Emma Lee', '.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 2014-09-16 00:00:00

As one of the first Uber-style car rental services in China, Yongche is planning to release a commercial vehicle rental service with Baidu. PPzuche secured US$10 million of Series A financing led by Sequoia Capital China in June. AAyongche netted US$10 million of funding recently. It is worth nothing that car rental services like Yongche, PPzuche and AAyongche are constantly being questioned with illegal operation problems. Beijing municipality has prohibited car rental companies from using private vehicle or other non-lease vehicles for operation, moreover, car rental companies are not allowed to provide driving labors.