Oct 20, 2015 06:38 PM

Leshi Says Subsidiary Has Invested in Car-Hire App Company

By staff reporter Wang Xinci, Qu Yunxu and Qin Min

(Beijing) – Leshi Holding (Beijing) Co. Ltd. said in a statement on October 20 that an automobile subsidiary recently signed a deal to take a 70 percent stake in the car-hire service company Yidao Yongche.

Leshi Holding, the parent company of the Shenzhen-listed online video firm Leshi Internet Information & Technology Corp., said the takeover was an important step for a separate subsidiary involved in the electric car business.

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