Baidu gets into China’s booming 2nd-hand car business with $170M investment


Baidu, China’s top search engine, today revealed that it joined in a $170 million investment for a startup site that specializes in selling second-hand cars. The funding for Uxin means that the four-year-old startup has so far raised over $430 million thanks to a massive $260 million injection of capital from Warburg Pincus in September last…

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