Chinese car rental service Car Inc., formerly known as China Auto Rental Inc. has resumed its IPO plans that were suspended in 2012, but it now aims to go public on the Hong Kong Stock Exchange rather than the U.S. stock market.

The company has filed with the Hong Kong Stock Exchange last week. Charles Lu, chief executive of the firm, once said in an interview he prefers a Hong Kong IPO to New York because local investors are more familiar with his company.

China Auto Rental, or more commonly known as Zuche, offers comprehensive car hire services including, short-term rentals, long-term rentals and leasing.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.