China: Used car trading platform Chezhibao raises $100m led by PE firm PAG

(L-R) Chezhibao's CEO Huang Le and Youyiche's CEO Shi Wenyi

Chezhibao, which operates Chinese used-car online auction platform, has raised $100 million in its Series C round of funding led by private equity firm PAG.

PAG is one of the largest private equity funds in Asia, with approximately $16 billion in management funds and industrial investment business in Greater China, Korea, Japan, Southeast Asia and Australia.

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