Chinese car trading platform Chehaoduo raises $818m in Tencent-led funding

REUTERS/Aly Song

Beijing-based online car trading platform Chehaoduo has raised $818 million in a Tencent Holdings-led Series C funding round, less than five months after it reached the unicorn status in late October.

According to a China Money Network report, the Series C round of financing was also joined by a number of new investors, including ICBC International, Yunfeng Capital, FountainVest Partners, GIC, IDG Capital, and Taihe Capital.

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