China's Chezhibao, Tiantian Paiche secure funding
Two Chinese online used car trading platforms – Chezhibao and Tiantian Paiche (TTP) – have received a combined $225 million in funding, continuing the flood of private capital into the space.
Chezhibao, which is also known as Mychebao, raised RMB800 million ($125 million) in a Series D round led by Green Harbor Investment, a growth capital-focused private equity firm established by a former...
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