Souche bags more funds as Chinese car trading heats up

The Hangzhou-headquartered startup raises $578 million as investors continue to chase opportunities in the Chinese online car marketplace – providing they are private.

Souche bags more funds as Chinese car trading heats up

Does it make a big difference if a company is public or private in the same sector When it comes to automobile sales in the world’s most populous country, the answer for now appears to be a resounding 'yes'.

China's market for online car sales is currently in intriguing shape with valuations in the private sector soaring and public companies shedding value as investors pour billions of dollars into private auto trading...

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