The Fosun-backed automotive parts trading platform boosted its total series B funding to $130m with a series C2 round led by Greater Bay Area Homeland Investments.
CassTime, a China-based automotive services platform backed by diversified conglomerate Fosun, has raised $50m in series C2 funding, DealStreetAsia reported today, citing a statement by Taihecap, the financial adviser for the deal.
The round was led by Greater Bay Area Homeland Investments, a vehicle formed by companies including insurance firm Taiping, artificial intelligence technology producer SenseTime and state-owned asset manager China Merchants Group.
Founded in 2015, CassTime runs an online platform where companies can access spare vehicle parts and organise…
