Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

China's used car trading company Youxin raises millions in funding

February 16, 2017


Abstract : Chinese used car trading platform Youxin raised $500 million in a new round of funding led by TPG Growth, Jeneration Capital and China Vision Capital in January to further expand its businesses, services and branding, according to the company.

BEIJING, Feb. 16 (Xinhua) -- Chinese used car trading platform Youxin raised $500 million in a new round of funding led by TPG Growth, Jeneration Capital and China Vision Capital in January to further expand its businesses, services and branding, according to the company.

The company said on Wednesday that Youxin has completed a whole industrial chain for used car bidding, trading, financing and big data services in the sector.

Other investors in the funding included Warburg Pincus, Tiger Global Management, Hillhouse Capital, KKR, Huasheng Capital and Focus Media.

Recently, some reports claimed that the company gives an inflated number of used cars for trade on its platform. Youxin denied this claim and said that the source of the information is from a netizen's speculation on a domestic online community, which is not factual.

The company said it's highly possible that this information is an act of illicit competition. (chinadaily.com.cn)

Scan the QR code and push it to your mobile phone

Keyword: car Chinese trading used platform

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial