Our highlight of the week: Android developer gets USD 70 M from investors including Qihoo 360; Second-hand car platform backed by 58 Ganji lands USD 204 M; and Financial big data platform gets USD 15 M from Tencent.
Tag: second-hand car
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.
Second-hand car testing platform Autobole aims to use the investment for expanding its business to major cities in China within a year.
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.
China’s Craigslist, 58.com, expands further into second-hand cars in anticipation of the massive growth expected in the sector.