China’s Youche Yihou secures $29 million in investment round

01/02/2019 9:00:00 PM (GMT)

Chinese automobile news and information provider Youche Yihou Information Technology Co., Ltd announced that it has concluded its investment round.

The company has secured 200 million yuan ($29 million) in funding round.

The investment was co-led by Chinese social media and gaming company Tencent.

Other backers include China-based private equity firm Plum Ventures, Ningbo Xinmei Asset Management Co., Shenzhen Oriental Fortune Capital Co. and Blueprint Innovation Investment Management Co.

Youche Yihou Information Technology Co. Ltd

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