Welight Venture Capital, founded by Wu Xiaoguang, former executive vice president at Tencent Holdings Ltd., has led a RMB200 million (US$29 million) series B round in Maihaoche, a new car e-commerce platform. Northern Light Venture Capital and South Korean venture capital firm LB Investment also participated in the round, according to a company announcement. “The Internet has connected all the parts in an industry, including trading, finance and logistics,” said Wu Xiaoguang. “It is a great opportunity for the automotive …

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