The used car e-commerce platform, backed by Baidu, Tencent, Legend Holdings and Bertelsmann, is one of many well-funded players doing battle in China.
Uxin, a China-based used vehicle marketplace backed by internet company Baidu, has raised $500m in new funding, China Money Network reported today, showing the worth of the country’s transportation startup space extends beyond ride ordering.
The round was co-led by private equity group TPG, multi-family office Jeneration Capital and investment firm China Vision Capital, and included investment firms KKR, Tiger Global Management and Warburg Pincus, investment management firm Hillhouse Capital, venture capital firm Huasheng Capital and, according to Asian Venture…
