Secondhand cars were formerly a hard sell in China, while car owners have to settle for much less, and there being a stigma to used cars. But the secondhand market is becoming increasingly popular as drivers find they can get a decent car at a reasonable price. Classified ads site Ganji.com launched a used car trading platform with an investment of US$100 million just a few weeks later. Alibaba also followed suit to launch Taobao’s secondhand car trading platform in the same month. Domestic used car trading platforms usually fall into the following five categories:B2B sites serve as auction platforms and do not get involved in the transaction process.