Tencent Leads US$818 Million Series C Round for Chehaoduo (Asia)

Source(s): China Money Network | Author(s): Li Dongmei

China-based internet and technology company Tencent Holdings has led a US$818 million Series C investment round for China-based used automobile retail platform Chehaoduo, previously known as Guazi. Existing investors Sequoia Capital China, H Capital, DST Global, Capital Today, Shougang Fund and Shanhang Capital Investment also participated in the round, along with new investors ICBC Capital, Yunfeng Capital, FountainVest Partners, GIC, IDG Capital and Taihe Capital.