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1. SoftBank sinks $1.5B into Chinese car trading
SoftBank ([[SFTBF]],[[SFTBY]]) Vision Fund invested $1.5B in Chinese car trading platform Chehaoduo at an over $9B valuation.
Chehaoduo operates the sites Guazi and Maoduo and counts Tencent among its backers. The company will use the funding to develop its data and cloud computing technology. Chehaoduo will also improve services in down payments, second-hand vehicle trading, and after-market services at