The chauffeured ride service, formed by Shouqi Group and Xianglong Taxi, has raised $88m from an unnamed investor at a $750m valuation.
Shouqi Limousine and Chauffeur, a ride hailing company formed by China-based taxi services Shouqi Group and Xianglong Taxi, has received RMB600m ($88m) in series B funding from an undisclosed investor, China Money Network reported on Friday.
The investor will gain an 11.76% stake for their investment, which values Shouqi Limousine and Chauffeur at approximately $750m, according to China Money Network, which cited a company announcement.
Shouqi Limousine and Chauffeur was founded in 2015 as an offshoot of Shouqi Group, and…
