Financials / Deals



Alibaba bucks China downturn with strong Q3

China e-commerce giant Alibaba Group Holding (NYSE: BABA) beat expectations in Q3 2018, a rare bright spot as at least 20 Chinese companies warned investors that full-year earnings would lag expectations. Revenue growth, however, did fall to the lowest rate in two years.

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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.



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