SoftBank Vision Fund Invests $1.5 Billion in Chehaoduo Group

Posted on 02/28/2019


The SoftBank Vision Fund is investing US$ 1.5 billion in Chinese online car trading platform Chehaoduo Group. Chehaoduo is the parent company of car websites Guazi (for used cars) and Maoduo (online retailer of new sedans). Chehaoduo literally means “many cars” in Chinese. Tencent Holdings is a key financial backer of Chehaoduo Group. China’s Association […]