China: Ant Financial, UCar invest $100m in Souche; Mofangge raises $22m

China: Ant Financial, UCar invest $100m in Souche;  Mofangge raises $22m

Private tech-based service providers in China have bagged fresh funding from major investors. The country’s used car segment has hit the headlines again as Alibaba’s Ant Financial and private equity-backed UCar have jointly invested $100 million investment in Souche.com while Mofangge, an online education company, has reportedly raised $22 million in new financing round.

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