Melon seeds used car to complete the A round over 200 million financing

NetEase Francisco January 29th news, today, the investment sources to the NetEase of science and technology from 58 just stripped seeds market group used car business has been independently over 200 million dollars in financing, the seeds of second-hand car Hao Yang Chung CEO in an interview with the NetEase of science and technology has revealed a new round of financing will be completed in 2016 after the Spring Festival, the financing just in time with the NetEase of science and technology to verify the seeds of second-hand car, the official declined to comment.

the source also said that this round of financing a number of investors to participate in the era of market financing, the overall valuation of more than $1 billion. According to the previous 58 market announcement, the seeds of second-hand car at the end of December 2015 58 completion of the overall market from the spin off group, only after the completion of the spin off to independent financing, and in the day announced the spin off, Yang Haoyong personally inject $60 million of second-hand car seeds.

this round of financing will be completed after the spin off of the A round of financing, the NetEase of science and technology Yang Haoyong in an interview when he said, melon seeds used cars will be the last business projects, and in this round of business in their own take more initiative, he said "many investors want to invest, many provisions of the investment process from their own initiative".

concern seeds used car business in advertising is also under the foot of the capital. It is understood that this round of financing and financing will be the largest investment in the market level, will be honored in 2016 for the year of the melon seeds used cars in the market will be put into the 1 billion commitment.

recently, around the use of a number of second-hand car platform advertising war attracted the attention of the industry, a few in the advertising war investment are more than a few hundred million yuan. According to the sources, one of the seeds of second-hand car competitors all cars recently also in financing, after all the car has announced the acquisition of Tencent lead investor C round of financing, and in such a burn area, demand for funds is very large, if the seeds first for all car financing pressure will be increased sharply.

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