cheyipaiA unit of Chinese state-owned car maker BAIC Group is to reportedly lead a RMB300 million (US$45 million) new financing round in Beijing-based second-hand car trading platform Cheyipai, Chinese media reported. The funding round, if true, comes at a critical time for the struggling company, which some media reports said were running out of cash […]

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Visit the original source and full text: China Money Network