Reported about 1 month ago
ByteDance is seeking to raise up to $600 million for its car trading platform Dongchedi, which is currently valued at nearly $3 billion. The funding round includes notable investors such as General Atlantic and KKR. Dongchedi, launched in 2017, has around 35.7 million monthly active users and is positioned in a competitive market alongside peers like Autohome and Bitauto.
Source: YAHOO