Sequoia Capital China has led a RMB200 million (US$29 million) series B round in Che300, a Nanjing city-based used car appraisal and transaction platform.
Participating investors in the round were not disclosed.
Founded in 2014, Che300 offers online used vehicle appraisal services and transaction related solutions. It has partnered with over 300 companies including Alibaba's Taobao e-commerce platform, online local services platform Ganji, and secondhand car platform Yiche.
The company said it had achieved profitability, but did not disclose financial details. Previously, the company raised an undisclosed series A round from Source Code Capital and Sequoia Capital China.
Last week, another used car trading platform, Uxin, raised US$500 million...
This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network
