Bitauto’s Yixin Group gets a big capital injection
12 May 2017
Yixin Capital Ltd., the vehicle finance, and aftersales services subsidiary of China’s automotive giant Bitauto (NYSE: BITA), secured RMB 4 billion ($580 million U.S.) in a new funding round. Yixin is the largest vehicle finance platform in China. Yixin Capital also changed its name to Yixin Group Ltd., to better reflect the current nature of its business, the company said.