Yongche, a Chinese car rental service, announced today a new funding round of $60 million let by Ctrip and DCM. The funding will be used for development of mobile app and other services, according to the company. The company will launch a 5.0 version of mobile app shortly (source in Chinese).

Ctrip, one of the biggest online travel companies in China, said its own online services, air ticket, train ticket, hotel and so on, will be bundled to Yongche.

Founded in 2010, Yongche now covers 49 Chinese cities. It plans to expand to more than 100 cities in and outside China next year. The company also runs a taxi app Dache Xiaomi.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com