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February 28, 2019 11:07 am GMT

SoftBanks Vision Fund invests $1.5B in Chinese second-hand car startup Chehaoduo

SoftBank’s Vision Fund is taking a bet on China’s auto market after it agreed to pour $1.5 billion into online car trading group Chehaoduo, which literally means “many cars” in Chinese. The Beijing-based company operates two main sites — peer-to-peer online marketplace Guazi for used vehicles, and Maodou, which retails new sedans through direct sales […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/i8koyjpW5R0/

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