Legend has backed the series B round, after it had previously been reported to be investing in the series A round.
China-based chauffeured car service provider UCar has raised a $550m series B round from investors including Legend Capital, the investment arm of conglomerate Legend Holdings, China Money Network reported today.
Legend was joined by private equity firm Warburg Pincus. The two investors had previously been reported to be investing in a $250m series A round, however a new regulatory filing revealed they had instead purchased series B shares.
Launched by vehicle rental service China Auto Rental (CAR) in January 2015,…
