CHINA TOPIX

Online Used Car Dealer RenRenChe Receives $150 in Latest Funding Run

Phenny Lynn Palec   |

Sep 07, 2016 10:48 AM EDT

RenRenChe, an online used car marketplace based in Beijing, recently announced that it has received more than $150 million in a new round of funding. RenRenChe received support from several investors including China Minsheng Investment, Prometheus Capita, Xinjun Capital, and HanFor Holdings. Existing investors like Redpoint Ventures, Sunwei Capital, and Ceyuan Ventures also joined in the latest funding round.