July 26, 2017 10:13 PM ET

Road and Rail

Company Overview of UCAR Technology Inc.

Company Overview

UCAR Technology Inc. provides chauffeured car services. The company provides its services through an online platform. The company has strategic alliance with Alibaba. The company was formerly known as UCAR Inc. The company was incorporated in 2014 and is based in Beijing, China.

Beijing,  

China

Founded in 2014

Key Executives for UCAR Technology Inc.

Vice President
Age: 41
Compensation as of Fiscal Year 2017.

UCAR Technology Inc. Key Developments

UCAR Signs Strategic Cooperation Agreement with Alibaba

UCAR Inc. announced that the company has entered into a strategic cooperation agreement with Alibaba (China)Technology. Under the agreement, both parties will start cooperation in automobile e-commerce, big data marketing, cloud computing application, highly precise map, traffic big data and smart cars, among other sectors.

UCAR Mulls IPO

Charles Lu, Chairman and Chief Executive Officer of CAR Inc. (SEHK:699) and the actual controller of UCAR Technology Inc., said in March he "has no plan" to raise investment before its initial public offering scheduled for later this year. UCAR is aiming to be listed on a NASDAQ-style board for Chinese tech startups, Lu said.

Alibaba Reportedly Acquires Stake in UCAR

Alibaba Group Holding Limited (NYSE:BABA) has made an investment in UCAR Technology Inc. Alibaba has paid CNY 3 billion in exchange for nearly 10% of UCAR’s shares, according to a report of LanJing TMT. LanJing TMT released a screenshot of a stock transfer book provided by a UCAR investor.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 17, 2017
CAR Inc.
Private Placement
June 12, 2017
Guangzhou Chengxing Zhidong Automobile Technology Co., Ltd.
Private Placement
June 7, 2017
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