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Comment on Ex-Baidu Founder Shakes Hands With Tencent In $85M USD Renrenche Funding Boost by Autoreduc
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Comments for TechNode
Used-car sales platform Renrenche has scooped $85 million USD in Series C funding from Tencent.
The company, which was founded by a series of ex-Baidu employees, now has a valuation of $ 500 Million USD.
Only five months later the Beijing-based company announced US$20 million in B series funding, valued at $ 150 million USD.
In January, Tencent and Jingdong jointly invested in Easy Car, which includes a secondhand car business.
In March, Baidu invested in Youxinpai, a company Tencent invested in back in 2013.
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