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Posted on: April 11, 2017, 9:37 a.m.
Use car dealerships have become almost as hot as bicycle sharing apps for venture capitalists funding startups in China. To wit, Warburg Pincus has led a $180 million, Series D round in used car transaction platform Souche, based in Nanjing. Since its founding in 2012, Souche has become China's second-largest used car dealer and claims an 80 percent market nationally. Full investment news articleRelevent to this post: Fresco Capital Tiger Global Management LLC,