China C2C used car platform Guazi raises $400m
Guazi, an online consumer-to-consumer (C2C) used car trading platform that spun out from US-listed Chinese classifieds site 58.com, has completed a $400 million Series B round led by existing investor Sequoia Capital China.
It is said to be the largest Series B round in China’s online used car trading space. A handful of new investors including H Capital, a PE fund managed by CMB International, West Fund (which is backed...
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