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25

Chinese Car Rental Company eHi Becomes a Hedge-Fund Favorite

By Tony Seruga

Ownership totals 29% with Tiger Global taking almost half that
Stake is 2nd biggest among U.S.-listed mainland corporations

Hedge funds are making big bets on Chinese car rental company eHi Car Services Ltd.

They increased their collective stake in eHi, which also provides chauffeuring services, to a record 29 percent in the fourth quarter, five times what such investors held the prior three months, data compiled by Bloomberg show. Hedge funds now own a bigger piece of eHi than of any other U.S. listed Chinese company except their 35 percent stake in Autohome Inc…

Chinese Car Rental Company eHi Becomes a Hedge-Fund Favorite

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