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...
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