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Online Car Rental Site Yongche Wins Funding from Qualcomm

CCTIME, 10/31/11

Beijing-based Dongfang Cheyun Information Technology, which operates online automobile rental platform, announced recently that it had received funding from the investment arm of global handset chip maker Qualcomm. Dongfang Cheyun will use the investment to expand its service partnerships with mobile device manufacturers, to make better use of positioning technology, and to develop intelligent vehicle dispatch solutions.

Yongche currently has more than 60,000 registered users, and offers services in Beijing, Shanghai, Guangzhou, Shenzhen, and Tianjin.

Keywords: automobile funding wireless Qualcomm registered users Yongche Dongfang Cheyun Internet

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