China Car Rental Company eHi Plans to Raise $300 Million in United States IPO, Delisted from New York Stock Exchange in 2019 after $850 Million Privatization, eHi Founded by Ray Zhang in 2003
24th February 2024 | Hong Kong
China car rental company eHi is planning to raise $300 million in a United States IPO. eHi was delisted from New York Stock Exchange (NYSE) in 2019 after a $850 million privatization. eHi was founded by Ray Zhang in 2003. eHi – eHi’s story begins in 2003 when Mr. Zhang, the founder, chairman and chief executive of Aleph Inc., came to China to see if there was a market for his fleet logistics software. There wasn’t – so he decided to build one. Ray Zhang is our founder, chief executive officer and chairman of our board of directors. Mr. Zhang has served as our chief executive officer and our director since our inception. Mr. Zhang has over 20 years of experience in vehicle dispatching and fleet management system integration and implementation. Prior to establishing our company, from September 1990 to April 2002, Mr. Zhang was the co-founder and chief executive officer of Aleph, Inc., which is a leading supplier of vehicle dispatching and scheduling systems in the United States based in Berkeley, California. Mr. Zhang received his bachelor’s degree in computer science from Fudan University in 1985, studied in graduate school of computer science from California State University, Sacramento from 1985 to 1987, and received his executive MBA degree from China Europe International Business School in 2005.
“ China Car Rental Company eHi Plans to Raise $300 Million in United States IPO, Delisted from New York Stock Exchange in 2019 after $850 Million Privatization “
China Car Rental Company eHi Plans to Raise $300 Million in United States IPO, Delisted from New York Stock Exchange in 2019 after $850 Million Privatization
eHi – eHi’s story begins in 2003 when Mr. Zhang, the founder, chairman and chief executive of Aleph Inc., came to China to see if there was a market for his fleet logistics software. There wasn’t – so he decided to build one. Ray Zhang is our founder, chief executive officer and chairman of our board of directors. Mr. Zhang has served as our chief executive officer and our director since our inception. Mr. Zhang has over 20 years of experience in vehicle dispatching and fleet management system integration and implementation. Prior to establishing our company, from September 1990 to April 2002, Mr. Zhang was the co-founder and chief executive officer of Aleph, Inc., which is a leading supplier of vehicle dispatching and scheduling systems in the United States based in Berkeley, California. Mr. Zhang received his bachelor’s degree in computer science from Fudan University in 1985, studied in graduate school of computer science from California State University, Sacramento from 1985 to 1987, and received his executive MBA degree from China Europe International Business School in 2005.
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