Didi Chuxing has bought US$200 million worth of shares in Beijing-based second-hand car marketplace Renrenche.com in a strategic investment, marking the latest investment deal in China’s fast moving online used-car market, according to Didi’s announcement. The funding is a boost for Renrenche, as its three top competitors have each raised money recently. Uxin Group, Guazi.com and Souche.com raised US$500 million, US$250 million and US$180 respectively this year. Renrenche’s most recent funding was a US$150 million series D round in September, …

China’s Used Car Deals Speed Up As Didi Chuxing Invests $200M In Renrenche.com appeared first on China Money Network.