SouChe’s series E search uncovers $335m

Nov 1, 2017 • Robert Lavine

The automotive e-commerce marketplace has raised $335m in a round led by Alibaba, which is now its largest external investor.

E-commerce firm Alibaba led a $335m series E round for China-based online vehicle marketplace SouChe today that took the company’s overall funding to approximately $635m.

Private equity firm Warburg Pincus, investment firm Primavera Capital and CMB International, a subsidiary of financial services firm China Merchants Bank, also participated in the round.

Founded in 2012, SouChe operates an online automotive e-commerce platform that partners a network of more than 110,000 new and used vehicle dealers across China. It has some 330,000…

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