Luxury car market spawns online purchase sites
By Zhang Min and Liu Jing in Tianjin | China Daily | Updated: 2016-05-14 08:26
China's booming market for imported luxury cars has sparked the emergence of a number of new online buying platforms, including UGcar, a cross-border website.
The operation has just completed a 10-million-yuan ($1.5 million) Series-A financing, led by Gobi Partners and Tianjin CaifuJiaji Investment Partnership.
Zhao Qing, its founder, said while e-commerce has been well-embraced by Chinese customers, "unlike tiny items selling on Amazon, the supply chain for online car selling is more challenging".
Photo
