Press Release

Shouqi Car-Rental Co., Ltd.(“Izuche”) announced on December, 2016 that the company had finalized Series A+ and Series B round funding, the deal amounted to RMB 2.15 billion. JPMFC acted as the Exclusive Financial Advisor in this transaction.

2017-01-16

Shouqi Car-Rental Co., Ltd.(“Izuche”) announced on December, 2016 that the company had finalized Series A+ and Series B round funding, the deal amounted to RMB 2.15 billion. JPMFC acted as the Exclusive Financial Advisor in this transaction.

The Series A+ and Series B round funding consist of a group of venture capital and private equity firms, including Tai Ping Assets Mangement Co.Ltd, Tianan Property Insurance Co.,Ltd, Beijing Zimu Hengfeng Investment Center (Limited Partner), CCB International and so forth, who give great credit to the brand history, the advantages of all kinds resources and future development strategy of the target company.

The Series A+ and Series B round funding will enhance the intra-industry as well as cross-industry integration for Izuche, which would collaborate with Shouqi Limosine & Chauffeur and GOFUN under Shou Qi Group to realize great synergy, serving the customers better and helping the traveling industry develop better.

The Series A+ and Series B round funding of Izuche is not only the biggest private placement deal JPMFC has accomplished but also one of the largest RMB private placement deals this year in China. Moreover, the accomplishment of this deal would strengthen the relationship between JPMFC and Beijing Tourism Group and Shou Qi Group, laying a solid foundation for long-term cooperation in the future.

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