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SouChe raises $335 million Series E round led by Alibaba

HANGZHOU – SouChe, China’s leading online automobile transaction platform, announced recently that it has closed its $335 million Series E funding round led by Alibaba with participation from Warburg Pincus, Primavera Capital and CMB International. The latest financing round comes less than 12 months from the $100 million Series C

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China’s Autohome drives ad sales from web car content

Autohome, China's leading auto-content Web company, has had a bumpy stock ride since it went public in the U.S. in December -- not unlike a lot of other volatile China-based stocks that trade here. <a target="_top" href="http://adclick.g.doubleclick.net/aclk%253Fsa%253DL%2526ai%253DBQ7pN4PT3U_zXJefe0AGlxIDgAdzL9JMFAAAAEAEgADgAWISOl-KlAWDJ_uqIhKSAEYIBF2NhLXB1Yi0xNTg0MTA5OTcwODQ2NTY3sgEOd3d3Lm5hc2RhcS5jb226AQlnZnBfaW1hZ2XIAQnaAVtodHRwOi8vd3d3Lm5hc2RhcS5jb20vYXJ0aWNsZS9jaGluYXMtYXV0b2hvbWUtZHJpdmVzLWFkLXNhbGVzLWZyb20td2ViLWNhci1jb250ZW50LWNtMzgzMjEywAIC4AIA6gIgMzI0NC9ta3RzbmV3cy5uYXNkYXEuY29tL2FydGljbGX4AvLRHpAD4AOYA-ADqAMB0ASQTuAEAaAGIA%2526num%253D0%2526sig%253DAOD64_0cCxUDHY_cTGq0VQWLp2aE1F5bDA%2526client%253Dca-pub-1584109970846567%2526adurl%253Dhttp://screener.fidelity.com/ftgw/etf/goto/snapshot/snapshot.jhtml%3Fsymbols%3DONEQ"><img src="" border="0" alt="" ></a> Sharp share gains have been

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Yongda Auto establishes Internet cooperation with Bitauto and UXI

BEIJING – China Yongda Automobiles Services Holdings Ltd., a leading passenger vehicle retailer and comprehensive service provider in China, announced on August 19 that it has signed an Internet strategic cooperative agreement with Bitauto Holdings Ltd. and UXIN (Beijing) Information Technology Co., Ltd., according to PRNewswire. The three companies will

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Luo Lei: Used car remains emerging industry in China

Used car remains an emerging and promising industry in China, said Luo Lei, deputy secretary general of China Automobile Dealers Association (CADA). According to CADA statistics, used vehicle transaction volume reached 5.2 million units in 2013, up 8.6 percent. The transaction volume of passenger vehicles reached 3.52 million units last

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