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Guazi gets certification from national body

Chinese used auto transaction site Guazi has become the country's first online used auto marketplace to be officially certified by the state-owned China Automotive Technology and Research Center regulatory body. According to Guazi, CATARC undertook a wide-ranging...

RenRenChe denies bankruptcy rumors

Chinese online second-hand car seller RenRenChe has publicly refuted rumors of its possible bankruptcy. These included claims that employees of regional RenRenChe subsidiaries were being let go on Monday, particularly those in Shanghai, Xi’an, and Guiyang. This...