58 city announced a new round of melon seeds used car $204 million 500 thousand financing

Abstract: in March 29th, 58 city announced that the first C2C used car platform – melon used car sales network to complete a new round of financing of up to $204 million 500 thousand. Investors, including a number of internationally renowned investment institutions, currently 58 city as one of its controlling shareholder.

March 29th, 58 city announced that the first C2C used car platform – melon used car sales network to complete up to $204 million 500 thousand in a new round of financing. Investors, including a number of internationally renowned investment institutions, currently 58 city as one of its controlling shareholder.

melon second-hand car was founded in 2014, focused on providing personal to personal (C2C) used car trading services. Since its inception, with the rapid growth of the seeds used car business, its market share and service network boundaries are also expanding, and gradually grow into China’s leading used car trading platform.

58 city Ganji & CEO Yao Jinbo said: "we are very pleased to see the seeds of second-hand car by the international investment institutions, and confidence in the future prospects of the Chinese second-hand car. The successful financing, confirms the rapid transformation of Chinese iteration in the second-hand car market, a correct judgment of the 58 city adhere to long-term development strategy, on the other hand also reflect the Chinese second-hand car market contains enormous business opportunities. The seeds of the second-hand car has an experienced management team, continuous flow and 58 city and Ganji support, believe that second-hand car will bring consumers seeds more high-quality second-hand car trading service."

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