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Jack Ellis · · 1 min readIn brief: Car-share app Like nets ‘tens of millions’ of dollars from Ant Financial, others
Chinese car-sharing startup Like Chuxing has secured a series B+ round of financing worth tens of millions of US dollars from a group of investors including Ant Financial, the fintech unit of Chinese ecommerce giant Alibaba.
Source: China Money Network
Other investors that took part included BlueRun Ventures, Fanchuang Capital, K2VC, YiMei Capital, and Lenovo affiliate Legend Capital. The funding supplements a May 2018 series B round, which was led by Ant Financial.
Like Chuxing CEO Wang Yang said the fresh funds will be used enhance the startup’s operational and technological capabilities.
Like Chuxing, which allows users to rent cars in their vicinity on demand using a mobile app, is available in the cities of Changsha, Chengdu, Foshan, Guangzhou, Nanjing, and Wuhan.
Editing by Eileen C. Ang
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