Venture Capital
Chinese used car and new car trading platform Chehaoduo, a unicorn listed in China Money Network’s China Unicorn List with US$1 billion valuation, has raised a US$180 million series B+ round. Investors include DST Global, Capital Today, Bank of China Group Investment Ltd, Sequoia Capital China and H Capital participated in round. Chehaoduo is formed by integrating its two brands, used car trading platform Guazi.com and new car e-commerce platform Maodou, into one. The company has raised a total of nearly US$600 million in its series B round, including a US$400 million funding round raised by Guazi this June.

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