Chinese private equity fund Green Harbor Investment has led a RMB800 million (US$125 million) series D round in Nanjing-based customer-to-business used car auction platform Chezhibao. Existing investors including alternative investment firm PAG, Nanjing-based Addor Capital, and Gobi Partners also participated in the round, according to Chezhibao’s announcement on its official WeChat account. Founded in 2012, Chezhibao focuses on C2B model and has operations in more than 100 cities. Proceeds of this round will be used for business expansion. It aims to expand to 200 cities in China this year.