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BUSINESS & TECH

Ant Financial Leads Financing in Car-Sharing Startup Like Chuxing

A user unlocks a shared car via mobile phone in Jinan, Shandong Province. Photo: VCG
A user unlocks a shared car via mobile phone in Jinan, Shandong Province. Photo: VCG

* China will have 355 million eligible drivers by 2020, compared with 195 million cars
* It was the third funding round completed by Like Chuxing within a month

(Beijing) — Like Chuxing, a car-sharing startup, completed B-round funding from a group of investors led by Ant Financial Services Group, the fintech affiliate of e-commerce giant Alibaba Group.

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