VCs in $30m round for China car sales platform
Welight Capital, a China-based venture capital firm founded by former Tencent Holdings executives, has led a RMB200 million ($30 million) Series B round for Maihaoche.com, a Chinese new car sales platform. Northern Light Venture Capital also participated.
Maihaoche, which means ‘sells good cars’ in English, started as an imported car ordering platform in 2014. Services have since expanded to include receiving orders and deposits from car buyers, and helping...
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