China's car trading platform Chehaoduo snags $1.5b from SoftBank Vision Fund

Guazi.com's offline store. Source: Chehaoduo

Chinese car trading platform Chehaoduo on Thursday announced that it has bagged $1.5 billion in fresh funding from SoftBank Vision Fund.

The parent company of Guazi.com & Maodou.com allows customers to buy and sell used and new cars. Its investors include Sequoia Capital, Tencent Holdings, Bluerun Ventures, Matrix Partners and Singapore’s sovereign wealth fund GIC.

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