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Used Car Trading Site Souche Secures USD 578 Mln Series F
36Kr.com, 9/03/18
The CEO at Beijing-based Souche Holdings, which operates C2C used car trading platform Souche.com, recently sent an internal email revealing that the company has completed USD 578 mln in new funding led by Primavera Capital Group and Morningside Ventures with participation by Chinese internet conglomerate Alibaba (NYSE: BABA), Beijing-based Dreamfly Capital Management, Lingfeng Capital, Shenzhen-based Palading Equity Investment, ClearVue Partners, Russia-China Investment Fund, Sunshine Insurance Group, and CreditEase. Read More
Rumor: Alibaba Invests in Sina Microblog
China Business News, 11/19/12
According to a source close to the company, Chinese e-commerce conglomerate Alibaba Group has reached an agreement with Chinese internet company Sina (Nasdaq: SINA) to invest USD 300 mln to USD 400 mln in the company's Sina Weibo microblogging platform. Read More
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