Alibaba enters used car market

18 Aug 2014

Hot on the heels of the launch of a joint-venture e-commerce platform for used cars involving BitAuto Holdings Ltd. and two other Chinese companies, Alibaba Group, which is preparing for its IPO in the United States, announced on Aug. 18 its own plans to engage in used-
car trading business in co-operation with soon-to-be-listed China Grand Automotive Services, a major Chinese car dealer.


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Don Gasper