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… Continue reading Ceyuan, Shunwei Lead $20M Series B In RenRenChe.Com
Category: News Type
Temasek Leads New Funding Round In Chinese Start-Up NextEV
NextEV has reportedly raised an undisclosed funding round led by Singapore’s Temasek Holdings, with participation from global private equity giant TPG, Chinese investment firm Hopu Investment Management and China’s Lenovo Group, according to Chinese media reports. The round is around several hundreds of millions U.S. dollars, says the reports citing confirmation by the company’s president… Continue reading Temasek Leads New Funding Round In Chinese Start-Up NextEV
Venture-Backed Yidao Yongche Partners With Haier On Financial Leasing Services
Beijing-based car rental service provider Yidao Yongche has established a strategic partnership with Haier Financial Services China Co., Ltd. to provide financial leasing services to Chinese small and medium sized car rental firms, according to Chinese media reports. Haier Financial Services China, a financial leasing arm established by Chinese consumer electronics maker Haier Group in… Continue reading Venture-Backed Yidao Yongche Partners With Haier On Financial Leasing Services
China’s Geely To Acquire US Flying Car Company Terrafugia
Chinese automotive manufacturer Zhejiang Geely Holding Group, the parent company of Volvo Cars, has agreed to acquire the operations and assets of Terrafugia Inc., a U.S.-based firm developing flying cars. No financial details were disclosed in an announcement released by Terrafugia yesterday. The company said the deal has received approval from all relevant regulators including… Continue reading China’s Geely To Acquire US Flying Car Company Terrafugia
Warburg Pincus, Tiger Global Lead $260M Series C In Youxinpai
Beijing-based used-car online auction platform Youxinpai has raised US$260 million series C round of financing led by private equity firm Warburg Pincus and New York-based investment firm Tiger Global Management LLC, according to a company announcement. Other undisclosed investors also participated in the round. Launched in 2011, Youxinpai previously raised two rounds of financing from… Continue reading Warburg Pincus, Tiger Global Lead $260M Series C In Youxinpai
Swedish Minister Says Chinese Investors Welcome In Home Of Nobel Prize
Sweden may not be the most populous of nations, with just 9.8 million people. But the country that brought us the the Nobel Prize for science has given birth to a disproportionately high number of tech giants. Skype, the Internet calling service bought by Mcirosoft, digital music service Spotify, popular mobile game Candy Crush and… Continue reading Swedish Minister Says Chinese Investors Welcome In Home Of Nobel Prize
“Typical again”
Opel has just recovered, as the traditional brand is to be sold. Rainer Manthey feels connected to the manufacturer for more than 50 years – now his love is put to the test. Tuesday, 21.02.2017 10:52 In the garage of Rainer Manthey there are four cars, “three Manta and one Opel Adam”. The 56-year-old is… Continue reading “Typical again”
Opel disappointed electric car customers
With the Ampera E, Opel has built one of the most advanced electric vehicles. The problem: In Germany, private customers can not buy the car for now. Monday, 15.05.2017 12:47 clock With the Ampera E Opel has outperformed manufacturers such as Mercedes, Audi or VW: The Rüsselsheim presented a few months ago, an electric production… Continue reading Opel disappointed electric car customers
The hard consequences of the Blitzfusion
The purchase of Opel by Peugeot seems decided thing. Trade unions and politicians are still trying to win the French concessions to the Joberhalt. But there is no way around a hard renovation. Opel boss Karl Thomas Neumann Tuesday, 21.02.2017 10:53 clock Little time? At the end of the text there is a summary. The… Continue reading The hard consequences of the Blitzfusion
Sale of Opel possible from the end of July
Peugeot wants to swallow the crippling car manufacturer Opel – possibly in just a few weeks. Opel confirmed the 31st of July as the earliest possible date. Also patents are apparently in agreement. An Opel at the Peugeot dealer (archive) Thursday, 08.06.2017 20:09 clock The French PSA group could be the automaker Opel already take… Continue reading Sale of Opel possible from the end of July