Chinese ride-hailing operator Shouqi receives $195m Series B
Shouqi Limousine & Chauffeur, a Chinese ride-booking app backed by local transportation company Shouqi Group, has raised RMB1.3 billion ($195 million) in a Series B round across two tranches.
The company raised RMB600 million in its initial funding round last month from a subsidiary of Oceanwide Holdings and Beijing Mingqi Management. It has now received another RMB700 million as part of its...
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