Ceyuan, Shunwei Lead $20M Series B In RenRenChe.Com

Beijing-based used car online transaction platform RenRenChe.com has completed US$20 million series B financing led by Ceyuan Ventures and Shunwei Capital, according to the company’s Weibo account.

Existing investor Redpoint Ventures also participated. The latest round values the company at US$150 million.

Founded in April 2014, RenRenChe.com received US$5 million series A from Redpoint at the time of establishment.

It launched its services in July, and currently operates in Beijing, Guangzhou and Shenzhen.

China Expert Network
China Expert network