China's automobile apps continue to attract investment

Huasheng Haoche bagged $210 million from the likes of JD Finance as the internet-based startup places more emphasis on building a network of physical stores.

China's automobile apps continue to attract investment

Chinese automobile trading companies are undoubtedly the centre of attention for both public and private investors this year as they pour billions of dollars into the sector.

The investment frenzy is proven once again on Wednesday with another fundraising from Huasheng Haoche, an auto trading and financing startup.

The three-year-old company said it raised $210 million in its series B round of financing led by private equity firm Crescent Point Group. Goldman...

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