Chezhibao Raises US$125 Million Series D Round From Green Harbor, PAG and Others (Asia)

Source(s): Chezhibao

China-focused private equity firm Green Harbor Investment has led a CNY800 million (approximately US$125 million) Series D round for China-based used-car auction platform Jiangsu Chezhibao Information Technology. Existing investors PAG, Addor Capital and Gobi Partners also participated in the round. The company plans to use the new capital to expand its network of offline service centers and to continue to build its digital finance and logistics capabilities.