Saturday, December 16, 2017

© Reuters.  Alibaba leads investment round in Chinese car seller heading for IPO© Reuters. Alibaba leads investment round in Chinese car seller heading for IPO

  • Alibaba (NYSE:BABA) leads a $335M funding round n Chinese car trading site SouChe.com.
  • The new round makes Alibaba the biggest backer of SouChe, which is planning an IPO, and the e-commerce giant will integrate parts of the used car service into its sales platform.
  • SouChe also offers new vehicle financing for up to a year.
  • Alibaba previously invested n ride-sharing company Lyft, leading a $250M round in 2014.
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Original article

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