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KKR, Baidu, Coatue to invest $170 million in China online used-car platform
2015-03-18 07:23:45| Auto Dealers - Topix.net
Private equity firm KKR & Co LP, search engine Baidu Inc and hedge fund Coatue said on Wednesday they will jointly invest $170 million in Chinese online used-car auction firm Uxin, aiming for a piece of the booming used-car market. Uxin will use the funds to expand a newly launched platform where auto retailers sell used cars to individuals, the companies said in a joint statement.
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Category:Automotive
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