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Guazi.com A round financing surpasses $204.5 millio

BEIJING – Guazi.com’s A-round financing has surpassed $204.5 million, according to CEO Yang Haoyong on the one year anniversary of the establishment of Guazi.com here on September 13. Investors for this round of investment were Sequoia Capital China and Guangxin Capital. Other investors included Capital Hike and Star Angel Fund, valued

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Aftermarket heats up as new car market cools

China’s new vehicle sales have hit a wall but activities in the aftermarket have been growing tremendously, thanks to evolving e-commerce technologies. On September 15, online C2C used car transaction platform www.guazi.com, affiliated with 58ganji, China’s largest online classified ad portal, announced to invest ¥1 billion ($157 million) over the

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