The online car trading platform, which was backed by Tencent at series C stage, has now raised about $260m in total.
RenRenChe, a China-based online used vehicle marketplace backed by internet group Tencent, has raised $150m in funding, China Money Network reported today.
Merchant bank Prometheus Capital, investment group China Minsheng Investment, asset manager HanFor Holdings, Xinjun Capital and venture capital firms Shunwei Capital, Ceyuan Ventures and Redpoint Ventures provided the funding.
Launched in April 2014, RenRenChe runs an online platform where users can buy and sell vehicles. It has been responsible for sales of more than 200,000 used cars altogether,…
