Alibaba leads $335m funding in Chinese car trading site SouChe

Alibaba leads $335m funding in Chinese car trading site SouChe

Traffic travels along the Second Ring Road in Beijing, China, on Wednesday, Dec. 2, 2015. Photographer: Qilai Shen/Bloomberg

Alibaba Group has become the largest institutional investor in Chinese car trading site SouChe after leading a $335-million Series E funding round in the firm that is preparing for a potential listing in the US.

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