SoftBank-backed car trading firm Chehaoduo nets $300m to hit decacorn valuation

SoftBank-backed car trading firm Chehaoduo nets $300m to hit decacorn valuation

Guazi.com's offline store. Source: Chehaoduo

Beijing-based Chehaoduo, a Chinese online car trading group backed by investors like SoftBank’s Vision Fund and Sequoia Capital China, announced on Thursday the completion of a new funding round at $300 million to reach the decacorn valuation of over $10 billion.