China-based phygital auto trader HuashengHaoche secured RMB650 million ($91.0 million U.S.) in a fresh funding to expand its sales network, DealStreetAsia reports.

Founded in June 2015, HuashengHaoche describes itself as an auto trading platform with direct leasing, wholesale sales, new energy vehicle retail and sale-leaseback as its main businesses, delivering new, used-car and aftermarket services.

HuashengHaoche didn’t disclose the name of the latest state-owned investor. It previously raised $360 million from China Minsheng Financial Holdings, Crescent Group, Frees Fund, Goldman Sachs and JD Digits in Series B and corporate funding rounds.

China-based also relies mainly on new cars for its revenue, which makes its the world’s leading automotive classified group. Other main auto marketplaces in the country include and /

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