IDG Leads $10M Series A Round In YouChe.Com

Beijing-based online retailing platform for second-hand car YouChe.com has received US$10 million in series A financing led by IDG Capital, according to Chinese news report.

YouChe.com previously received several million RMB angel investment from Zhen Fund last December.

Founded in December 2013, YouChe.com is an O2O (online to offline) platform focused on selling used vehicles in China.

In February, another second-hand car trading platform CheYiPai.com received US$50 million in series C financing led by Sequoia Capital.

Last September, another similar start-up called SouChe.com received US$10 million series B financing led by Sequoia Capital, participated by Morningside Venture Capital and Ferry Venture Capital.