/C O R R E C T I O N -- eHi Auto Services/ PR Newswire SHANGHAI, Dec. 20, 2013 In the news release, Ctrip Leads Over $100 million Investment in eHi Auto Services, issued 20-Dec-2013 by eHi Auto Services over PR Newswire, we are advised by the company that in the fourth paragraph, the first sentence, should read " eHi has received funding from Qiming, Ignition, Jafco, New Accesss, CDH, Goldman Sachs and Enterprise in the past several years." rather than "eHi has received funding from Qiming, Ignition, Jasco, New Accesss, CDH, Goldman Sachs and Enterprise in the past several years." and that in the fourth paragraph, the third sentence, should read "eHi's services span across 80 cities through more than 400 service outlets with a fleet size that exceeds 13,000 vehicles and 100 different vehicle types." rather than "eHi's services span across 80 cities through more than 400 service outlets with a fleet size that exceeds 13,000 vehicles and 80 different vehicle types." as originally issued inadvertently. The complete, corrected release follows: Ctrip Leads Over $100 million Investment in eHi Auto Services SHANGHAI, Dec. 20, 2013 /PRNewswire/ -- eHi Auto Services, a Shanghai-based leading car rental company in China, announced today thatit has received an investment of over $100 million fromCtrip.com International Ltd. (CTRP), the largest online travel agency in China, and existing investors. Ctrip will become the second largest strategic partner after Enterprise Holdings, which invested in eHi in 2012. "We are glad that Ctrip, the largest OTAin China, has become our strategic investor and partner through this equity investment,"saidRay Zhang, CEO and Founder of eHi Auto Services, China. "There will be many areas eHi and Ctrip may work togetheronto provide better travel products for Chinese consumer and corporate customers. We are excited this is a comprehensive partnership that will be mutually beneficial for both companies in a fast growing travel industry in China. As car rental has increasingly become an indispensible part of travel needs for Chinese consumer and corporate clients, we feel there are many opportunities for us as well as for Ctrip to make more convenient travel packages for customers." The travel industry has experienced rapid growth in China in the past few years. According to PhoCusWright's research findings, China leapfrogged JapanasAsia's largest travel marketin 2012at $96.2 billion, with car rental growingthe fastestof all segments. This trend is expected tocontinue as car rental catches on with an emerging cohort of young travelers. eHi has receivedfunding from Qiming, Ignition, Jafco, New Accesss, CDH, Goldman Sachs andEnterprise in the past several years.Offering services toboth corporate clientsand consumers, eHi has become one of the leading car rental companies in China. eHi's services span across80 citiesthrough morethan 400 service outletswitha fleet size that exceeds13,000 vehicles and100 different vehicle types. SOURCE eHi Auto Services Website: http://ctrip.com/ Contact: Jerry, +86-21-68881322-8006, firstname.lastname@example.org
/C O R R E C T I O N -- eHi Auto Services/
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