JIC Technology Investment was the leading investor in a new deal with Sina Corp. The companies recently invested a total of RMB 220 million in Shouqi Limousine & Chauffeur, marking the first move by JIC Technology Investment into the field of smart transportation.

Smart transportation is an emerging segment of the consumer market. As such, it remains one of the key areas targeted by JIC Technology Investment. The decision to invest in Shouqi Limousine & Chauffeur was based on the prospects presented by the high-end vehicle-for-hire market and a comprehensive review that factored in regulatory compliance and Shouqi’s offline strengths. After the deal has been completed, JIC Technology Investment will continue to help boost Shouqi Limousine & Chauffeur’s growth. This will be done through collaborative efforts aimed at increasing business customers, expanding networks and sharing financial resources.

Shouqi Limousine & Chauffeur is a leading company in the online vehicle-for-hire sector; it ranks among the top car-hiring platforms