Chinese second-hand car trading platform Hangzhou Dasouche Auto Service Co. announced today that it has secured a US$578 million in a new financing round led by Primavera Capital Group and Morningside Venture Capital. The latest round saw the participation of existing investors including Chinese e-commerce giant Alibaba Group Holding Limited, fintech company CreditEase and insurance company Sunshine Insurance Group Company Limited, among others, according to the company’s official WeChat account. The company will use the proceeds for upgrading the platform’s technology …

Chinese Used Car Trader Souche Raises US$578M From Primavera Capital Group, Morningside Venture Capital appeared first on China Money Network.