SoftBank Vision Fund invests $1.5b in China’s Chehaoduo
Chehaoduo, a Chinese online auto services provider that runs consumer-to-consumer (C2C) used car trading platform Guazi and new car trading platform Maodou has raised $1.5 billion from SoftBank Vision Fund.
The capital will mainly go towards expanding market share as the company intensifies its arms race with the likes of Souche, Renrenche and Uxin Group, all of which have received substantial PE and VC funding. ...
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