Youxinpai aims to drive away with $400m

Dec 22, 2015 • Robert Lavine

Baidu is set to reinvest in used car marketplace Youxinpai, which has raised $430m in the last 15 months.

China-based automotive marketplace Youxinpai is seeking up to $400m in a funding round that will include internet company Baidu, China Money Network reported yesterday.

Founded in 2011, Youxinpai operates an online platform where users can buy and sell used vehicles. It received $170m in funding from Baidu, private equity firm KKR and investment manager Coatue Management in March this year.

The company previously raised $260m in a September 2014 series C round co-led by Warburg Pincus and Tiger Global…

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