Guazi.com Secures $400 Million

Car trading company Guazi.com announced the close of $400 million in Series B financing. Four investors participated in the funding, among them Sequoia Capital, Matrix Partners, and Dragoneer Investment Group.

Guazi is a rapidly growing, market-leading C2C used car trading platform that directly links individual car sellers and buyers. Guazi expects used car transaction volumes to grow rapidly and is expanding into transactional services. The company plans to invest in enhancing its brand image, upgrading its technology, and strengthening its used car and auto industry partner network. With a strong focus on technology and efficient management of its sales channels, Guazi aims to offer an exceptional customer experience.