China second-hand car trading platform Renrenche raises $85m
Tencent Holdings has led a $85 million Series C round of funding for Renrenche.com, a Chinese peer-to-peer second-hand car trading platform.
Existing investors Ceyuan Ventures, Redpoint Ventures and Shunwei Capital Partners also participated. The start-up plans to strengthen its market-leading position in key Chinese cities and also expand...
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