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58.com's Zhuan Zhuan to Acquire Used Handset Trading App Zhaoliangji

58.com, 4/07/20

Chinese online classifieds site 58.com (NYSE: WUBA) today announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements to acquire a 100% equity interest in the operator of second-hand mobile phone trading app Zhaoliangji. Read More

58.com Purchases Uxin's B2B Used Car Auction Platform

58.com, 3/24/20

Chinese online classifieds site 58.com (NYSE: WUBA) today announced that it has entered into definitive agreements with Uxin Limited (Nasdaq: UXIN), a leading national online used car dealer in China, to purchase certain assets and liabilities related to Uxin's B2B online used car auction business for a total cash consideration of USD 105 mln. Read More

Galaxy eSolutions Invests in O2O Smartphone Maintenance Platform 'Accelerate'

Cyzone, 7/17/18

Guangzhou-based Xiuke Information Technology, operator of O2O smartphone maintenance platform Jiasudu ("Accelerate"), recently announced the completion of RMB 8-digit Series A funding from Hong Kong-based cross-border e-commerce company Galaxy eSolutions. Read More

Used-car Auction Site Chezhibao Completes RMB 800 Mln Series D

Ebrun, 6/06/18

Jiangsu-based Chezhibao Information Technology, operator of used-car auction site Chezhibao.com, announced today the completion of RMB 800 mln in Series D funding led by Green Harbor Investment with participation from Pacific Alliance Group (PAG), Addor Capital, and Gobi Partners. Read More

Rumor: Used Car Trading Site Souche Raising USD 800 Mln Series F

Tencent Finance, 5/10/18

Beijing-based Souche Holdings, operator of online C2C used car sales platform Souche.com, is reportedly in the process of raising a USD 800 mln Series F round of funding, according to a source who spoke with online media outlet Tencent Finance. Read More

Online Real Estate Big Data Service Yunfang Data Reveals Series A Funding Details

PE Daily, 5/08/18

Beijing-based Yunfang Data Technology, operator of online real estate big data services platform Yunfang Data, recently said that it completed RMB 20 mln in Series A funding in late 2016 from Shenzhen-based Fortune Venture Capital. Read More

Goldman Sachs, Tencent, Didi Chuxing Invest USD 300 Mln in Car Trading Platform Renrenche

36Kr.com, 4/26/18

Beijing-based Renrenche Network Technology, operator of online and mobile used car trading platform Renrenche.com, recently won USD 300 mln in new funding led by Goldman Sachs, with participation from Chinese internet conglomerate Tencent (0700.HK) and taxi booking and car hire service app Didi Chuxing. Read More

Online Handset Recycling Platform 'Huishou Bao' Wins RMB 300 Mln Series B

36Kr.com, 10/09/17

Shenzhen-based handset recycling platform operator Huishou Bao Technology has completed RMB 300 mln in Series B funding led by Strait Capital at a valuation of over RMB 1.5 bln. Read More

Hangzhou Launches Sesame Credit-based Online Smart Housing Rental Platform

ChinaNews, 9/29/17

The city of Hangzhou has begun trial operation of a housing rental monitoring and services platform that combines the management system of the "Hangzhou Second-hand Housing Trading Oversight Services Platform" and an evaluation system covering multiple dimensions at multiple stages from before, during, and after rental. Read More

C2C Used Car Sales Platform Souche Raises USD 180 Mln Series D

Lieyunwang, 4/06/17

Beijing-based Souche Holdings, operator of online C2C second-hand car sales platform Souche, recently announced the completion of USD 180 mln in Series D funding led by American private equity firm Warburg Pincus with participation from VMS Investment Group, ClearVue Partners, Shanghai Zuoyu Asset Management, Haitong International Securities Group (0665.HK), CreditEase New Finance Industry Investment Fund, and Morningside Ventures. Read More