H Capital leads $300m round for China car trading platform
Chehaoduo, operator of China auto trading platforms Guazi and Maodou, which specialize in used and new cars, respectively, has raised $300 million in funding led by H Capital at a valuation of more than $10 billion.
Sequoia Capital China, IDG Capital, and Chehaoduo founder Mark Yang’s own fund have participated in the round, according to a statement. Hike Capital, a fund co-founded by Mark Yang and Anna Xu, has...
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