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Addor Capital Leads $52M Series B Round In Diyi Chedai

Addor Capital has teamed up with Youjin Capital to lead a RMB360 million (US$52 million) series B round in Diyi Chedai, a Shanghai-based auto lending start-up. Matrix Partners China, Yixin Investment Fund and 360 Finance also participated in the round, which is still on going and has not officially closed, the company said.