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Car traders in funding batch milestone
After a period of silence, major online domestic used car trading platforms competitively announced new rounds of fundraising in mid-June, indicating that more investors are considering the used car industry an ocean of opportunity.
June27,2017
China's used car trading company Youxin raises millions in funding
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.
February16,2017
Used car sales on upward trend as provinces remove trade barriers
China's used car sales hit a record high in 2016, posting 10.3 percent growth year-on-year, as local authorities have been removing barriers on cross-provincial-border vehicle sales.
February14,2017
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