AutocloudPro, an auto parts supply chain service company, announced that it had completed Series C financing of RMB 500 million. The round was led by UCAR Capital. This was one of the largest capital raises in the industry.
April 25, 2018- RENRENCHE.COM, a leading Chinese trading platform for used cars, announced that it had completed a new round of financing in the amount of $300 million. The round was led by Goldman Sachs’SSG group, with participation from Tencent and Didi, two internet behemoths in China. CEC Capital served as the Exclusive Financial Advisor to RENRENCHE in this transaction.