Didi Chuxing has provided $200m of funding for the automotive e-commerce platform and will begin offering the company's services through its app.
On-demand ride service Didi Chuxing has invested $200m in Renrenche, the China-based operator of an online used vehicle marketplace, South China Morning Post reported today.
Renrenche runs an automotive e-commerce platform that lists more than 100,000 vehicles across 80 Chinese cities. It has the third largest market share in China, behind rivals Guazi and Youxin, according to the Post.
The company intends to use the funds to expand, and will offer its services through Didi Chuxing’s app once the investment…
