China car trading platform Chehaoduo raises $200m
Chehaoduo, a Chinese online auto services provider that runs used car trading platform Guazi and new car trading platform Maodou, has raised $200 million in an extended Series D round from SoftBank Vision Fund and Sequoia Capital China.
The company previously received $1.5 billion from SoftBank Vision Fund in February 2019. The latest funding round comes after new car sales in China plunged 48% year-on-year in March, according to China's...
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