Minsheng Financial Leasing has provided $150m for the online automotive marketplace, whose shareholders already include JD.com and Dongfeng Motor.
China-based online car retailer Huashenghaoche has received $150m in funding from Minsheng Financial Leasing, a vehicle leasing arm of China Minsheng Bank, DealStreetAsia reported today.
Huashenghaoche operates an online marketplace where customers can purchase and lease vehicles, also offering a comprehensive array of pre-sales and after-sales services.
Minsheng specialises in leasing aircraft as well as medical, energy and environmental equipment, though the two companies did not reveal if they are entering a strategic partnership, or for what purpose the capital…
