<article><a style="color: #000080;" href="http://www.guazi.com/bj/">Guazi.com</a>, China&#8217;s consumer-to-consumer used-car trading platform, has raised $204.5-million in an equity funding round.</article>

<a style="color: #000080;" href="http://www.guazi.com/bj/">Guazi.com</a>, China&#8217;s consumer-to-consumer used-car trading platform, has raised $204.5-million in an equity funding round.
Guazi.com is minority owned by <a href="http://www.58.com">58.com Inc</a>, China&#8217;s online marketplace for local merchants and consumers.
Michael Jinbo Yao, chairman and CEO of 58.com, said, in a statement, Guazi received “a strong vote of confidence” from institutional investors globally. The names of the investors remained undisclosed.
&#8220;I believe this demonstrates the soundness of our strategy and validates the significant growth opportunities that we see in China&#8217;s rapidly transforming used car market. By leveraging its highly experienced management team and 58.com&#8217;s continuous traffic resources and support, Guazi is well positioned to offer a better and higher quality used car trading service,&#8221; Jinbo Yao said.
Founded in 2014, Guazi.com Inc said it had grown rapidly as it links individual car sellers and buyers directly. The company, in a statement, also said it had greately improved its market penetration, strengthened its used car network and developed relationships with auto-industry partners.
Measured by monthly unique visitors on its website and mobile app, 58.com Inc is the largest online marketplace serving local merchants and consumers in China, the statement added.
Operating for over a decade, 58.com Inc currently contains local information across automobile, property, jobs, and other services across 395 cities in China.
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Guazi.com, a consumer-to-consumer used-car trading platform, has closed a new $204.5 million round of equity financing.

China's used car platform Guazi raises $204m

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China's used car platform Guazi raises $204m

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