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Alibaba leads US$335m funding for Chinese car site SouChe
Add BT as a preferred sourcePublished Wed, Nov 1, 2017 · 09:50 PM
Beijing
SOUCHE.COM, a Chinese car trading site, raised US$335 million in a funding round led by Alibaba Group Holding Ltd as it expands in car-financing and prepares for a potential US IPO.
Alibaba will become the biggest backer of the site and integrate parts of the business with its own e-commerce services.
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