China second-hand car trading platform Chemao raises $188m
Chemao.com, a Chinese second-hand car trading platform, has raised RMB1.2 billion ($188 million) in a Series B round of funding led by Shenzhen-listed hydropower equipment maker Zhefu Holding Group.
Shanghai-based wealth management firm Jiuhui Assets and existing investor Yuanjing Capital also participated. According to an internal email obtained by Chinese media, Yuanjing is a venture capital fund...
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