Hangzhou-based online second-hand automobile trading platform Chemao has completed RMB1.2 billion (US$189 million) series B round of financing led by Shenzhen-listed industrial firm Zhefu Holding Group, according to a company announcement. Chemao says it has also established a second-hand car loan business with Zhefu Holding and Wacai, a personal finance bookkeeping and wealth management app […]

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