SoftBank’s Vision Fund invests $1.5B in Chinese second-hand car startup Chehaoduo

SoftBank’s Vision Fund is taking a bet on China’s auto market after it agreed to pour $1.5 billion into online car trading group Chehaoduo, which literally means “many cars” in Chinese. The Beijing-based company operates two main sites — peer-to-peer online marketplace Guazi for used vehicles, and Maodou, which retails new sedans through direct sales […]

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Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. […]

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Porsche plans 500 fast charging stations across US

Porsche is planning a Supercharger-like network of fast charging stations at dealerships and highway locations across the US. There will be at least 500 by the end of 2019 according to Klaus Zellmer, CEO of Porsche Cars North America, speaking to Automotive News. The timing coincides with the launch of its Mission E electric vehicle […]

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YouTube Red’s Karate Kid sequel ‘Cobra Kai’ drops new trailer

Cobra Kai never dies, and the resurgence of the rogue karate dojo in the upcoming YouTube Red original series reboot of The Karate Kid shows former sensei John Kreese was true to his mantra in the 1984 classic. The series, set to air May 2 on YouTube’s paid subscription service, YouTube Red, will see Ralph […]

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