Automotive


A+ funding for China’s Maimaiche.com

A+ funding for China’s Maimaiche.com

Chinese b-to-b used auto-trading platform Maimaiche.com has secured series A+ funding worth approximately 100 million RMB ($14.2 million U.S.). The site is a subsidiary of Alibaba-backed auto services and auto manufacturing conglomerate UCar, which recently acquired German automaker Borgward. 

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Vehiculum receives €7 million investment

Vehiculum receives €7 million investment

Berlin-based car leasing start-up Vehiculum has secured a €7 million ($8 million U.S.) investment from Runa Capital, Mobility Fund, Smava founder Alexander Artopé, and former investor Coparion. The company raised €3 million during two previous investment rounds in 2017.


Remobii launched for car buying in Japan

Remobii launched for car buying in Japan

Japanese car-buyers have a new app called Remobii to help them search for used cars from registered dealers. The app is owned and operated by Nagoya-based digital content provider ATeam Inc.  

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RenRenChe to open second headquarters in Chengdu

RenRenChe to open second headquarters in Chengdu

Didi Chuxing-backed used auto transaction platform RenRenChe has signed a cooperative partnership with the Municipal Government of Chengdu. As part of the agreement, the company will locate its second headquarters in the city (population: 7.8 million).

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Prices of AutoHome dealer packages soar

Prices of AutoHome dealer packages soar

New information has come out relating to the collective boycott of AutoHome (NYSE: ATHM) on the part of three 4S dealership companies --- Zhongsheng Group (HKG: 0881), Yuntong Auto, and a third party which has now been confirmed to be Pangda Auto --- over a hike in membership prices. AutoHome’s response has been to deny the existence of any boycott.

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