The investment of 58.com in Uxin may cast a key vote for the company’s second-hand car e-commerce model.
Chinese second-hand car trading platform Guazi.com announced that it landed USD 204.5 million in financing, bringing its valuation to USD one billion.
Our highlight of the week: Mobile app developer receives USD 100 million investment led by Qihoo 360; O2O home renovation startup aims to reset industry’s quality standards with pre-A financing; LeEco’s sports subsidiary may have scored USD 1 billion in Series B funding.
Yang Haoyong, Founder of classifieds site Ganji.com, explains why he stepped down as co-CEO of 58 Ganji to become CEO of the second-hand car trading platform Guazi.com.
58 Daojia has launched its housekeeping services in 28 Chinese cities. It will also introduce a leading certification system for housekeepers.
Our daily highlights: Duiba app receives USD 4.7 million investment; Suning opens first O2O center in Beijing; Smart POS Yunnex fundraises USD 15.8 million.
Don’t miss our daily highlights: Xiaomi moves into Africa and India; Huawei Mate 8 to launch Nov. 26; Tencent pours USD 1 billion into Meituan-Dianping.