Fang Xingdong, Chairman of the Internet Lab, said that Facebook's IPO is the greatest motivation and impetus in the global Internet industry in the past five years. It will make the industry see greater imagination space from the Facebook myth, and thus be more confident about Internet investment.
On January 19, 2012, China Auto Rental filed for an IPO with the U.S. Securities and Exchange Commission (SEC), becoming the first Chinese company to initiate a U.S.-bound IPO in nearly five months. It was also the first Chinese enterprise to apply for listing in the United States after the frequent financial fraud cases involving Chinese concept stocks last year and the SEC's formulation of new rules for "overseas enterprises listing in the U.S." At the end of January, an investment banker in Wall Street revealed to Caixin reporters that the executives of China Auto Rental had arrived in New York for preliminary roadshows, with JPMorgan as the IPO underwriter, and the difficult pricing process was ongoing. According to car.wodingche.com, China Auto Rental plans to raise up to $300 million, which will be used to repay debts and purchase vehicles. The number of shares to be issued or the price range has not been disclosed yet.
The staff informed that insurance needs to be paid separately, one of which, the basic insurance, is mandatory, costing around 30 to 40 yuan. In addition, there is an optional no-deductible insurance at 40 yuan per day. The reporter learned that by paying this insurance, the compensation liability for the vehicle can be fully transferred to the insurance company. It is understood that apart from the basic insurance and the no-deductible insurance, there are many other types of insurance, such as passenger insurance, etc., all of which are chosen by customers voluntarily without being forced to buy.
Will the rental model be the same as Hangzhou? Is cash collateral required for renting bicycles? Is the rent expensive? With these questions in mind, the reporter found an informed person. According to this informed person, based on the preliminary plan, Hefei City will roll out public bicycles across the city, implementing a rental system. "The plan is to issue a rental card with a deposit placed inside, and with this card, you can rent a bike without having to pay a deposit each time," he introduced. For short-distance use within Hefei, citizens can use it for free without any rent charges. "There is also a long-term rental mode designed, which will charge a small amount of rent." Rental website: www.wodingche.com