Shouqi Limousine & Chauffeur's New Round Favored by Many Investors

BEIJING, Nov. 20, 2017 /PRNewswire/ -- Shouqi Limousine & Chauffeur held a press conference in Beijing on November 20 with Come on New Journey as its theme. Mr. Junpeng Shi, vice-president of China Minsheng Trust, Mr. Bin Li, founder & chairman of NIO and managing partner of NIO Capital, Mr. Junyi Zhang, partner of NIO Capital, Mr. Zhenyu Li, managing director of Baidu's driverless technology group, Mr.Guobin Shang, deputy director of Baidu's driverless technology group, Mr. Shanbo Wang, vice-president of CSRF, Mr. Hong Chen, chairman & CEO of Hina Group, Ms. Hong Zhou, president of Shouqi Group, Mr. Dong Wei, CEO of Shouqi Limousine & Chauffeur, and representatives from Harvest Fund and JIC Group, which followed the A round into Shouqi Limousine & Chauffeur, attended the conference.

Mr. Dong Wei, CEO of Shouqi Limousine & Chauffeur, announced Hina Group wound act as the financial consultant to the investment with total amount of RMB 1.3 billion. This round displays that Shouqi Limousine & Chauffeur had taken a leading position in the market.

Forging the benchmark with qualified service

In the conference, Mr. Dong Wei demonstrated what kinds of achievement Shouqi Limousine & Chauffeur had made over the past two years. So far, Shouqi Limousine & Chauffeur owns over 60,000 cars throughout China, with businesses in 53 cities and districts. Its total amount of users exceeded 20 million wth over 2.4 million active users. Shouqi Limousine & Chauffeur's growth against the trend in the leveling-out online car-hailing market has propelled it to the top of the industry.

The Chinese government released a new policy on online car-hailing last year. Shouqi Limousine & Chauffeur obtained the first license in Beijing. Shouqi Limousine & Chauffeur has been approved in 38 cities throughout the country to operate in the market. Additionally, among 24 of the cities, Shouqi is the first.

As a benchmarking enterprise in the process of "Internet plus transformation", Shouqi complied with the upgrading of consumption actively and studied the price-cost performance-quality evolution of market deeply. As an answer to the call of 19^th CPC national congress, and aiming at providing "standard and individualized "quality getting-around to different people under different circumstances, Shouqi constructed a distinctive new type of getting-around ecosystem integrating taxis, buses, shared bikes, and short-rent cars, leading the trend in this era. Shouqi raised billions of funds in two years in the capital market due to these advantages. Mr. Dong Wei announced Shouqi had started its C round funding.

Construct a new getting-around ecosystem to promote smart traffic in cities

Shouqi Limousine & Chauffeur is aiming at an in-depth exchange with the investors and their own industries both financially and open-mindedly. With this round of financing, Shouqi is promising a new type of getting-around ecosystem with the integration of "the capital, smart cars, artificial intelligence and a quality platform", which will lead the trend in the future, and propel an intelligent transportation system to come true.

As a representative of the investors, Mr. Junyi Zhang from NIO Capital, explained with the help from NIO Capital, Shouqi would create an ecosystem for the whole industry, which was evolved from a car-hailing platform to an overall smart mobile platform. Mr. Zhenyu Li from Baidu, said that they would cooperate with Shouqi in speeding up the driverless technology into commercial operation to seize the opportunity in the future smart getting-around market.

At the same time, Mr. Shanbo Wang, vice-president of Silk Road Huachuang, said, as a comprehensive financial service provider in China's Mass Entrepreneurship and Innovation process, Silk Road Huachuang would propel Shouqi's future development at many levels, with the visions of getting-around with high-end quality and convenience.

Ms. Hong Zhou, president of Shouqi Group said Shouqi Limousine & Chauffeur would step on a brand new journey with its strategic cooperators in the spirit of open-mindness, creativeness, and aggressiveness.

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SOURCE Shouqi Limousine & Chauffeur

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