Goldman Sachs is set to lead a $300m funding round for used vehicle e-commerce platform Renrenche that will include existing backer Didi Chuxing.
Renrenche, the China-based operator of an online used vehicle marketplace, is set to receive $300m from investors including ride hailing service Didi Chuxing, the South China Morning Post reported today.
Internet group Tencent is also looking to back the round, which will be led by investment banking firm Goldman Sachs.
Founded in 2014, Renrenche operates an e-commerce platform for second-hand cars that is active in more than 80 cities across China.
The company is also looking to develop financing services…
