Ant Financial and Ucar will collaborate with the automotive trading platform, after making strategic investments that will add to the $11m in funding it raised in 2013.
China-based online second-hand car retailer Souche.com has raised $100m in series C funding from financial services provider Ant Financial and chauffeured car service Ucar, China Money Network reported yesterday.
Founded in 2012, Souche operates an online marketplace for new and used cars, and also offers a range of services for automotive dealers, including software, finance, certification, transaction and marketing.
The company claims it processes more than RMB10bn ($1.5bn) in transactions through its platform each month, accounting for about 20% of…
