China: Used car auction platform Chezhibao raises $73m; BeauCare Clinics secures $29m

Visual from Mychebao.com

Shenzhen-based Youjin Capital and a government guidance fund have led a $73 million investment in used-car auction firm Chezhibao. In another development, GP Capital has led a $29 million funding in BeauCare Clinics.

Used car auction platform Chezhibao bags $73 million Series C+ investment

Youjin Capital and Jiangsu One Belt One Road Investment Fund have together led an RMB500 million ($73 million) series C+ investment in Chinese secondhand car platform Chezhibao, according to a company statement reported by China Money Network.

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