Chinacars bekommt US$ 8 Mio
Das Chinesische Internetportal Chinacars.com hat am Mittwoch in der ersten Runde $8 Millionen Venture Capital von den Investoren Granite Global Ventures eingesammelt.
The startup, founded in 2001, said it expects to book 100 million Yuan ($12.4 million) in revenue for 2005. It employs 300.
Chinacars provides a variety of services including an informational web site, traffic data, positioning systems, and an auto trading market.
Menlo Park, California-based Granite Global, backers of alibaba (see Yahoo�'s $4B Alibaba Move), believe in the company�'s potential to exploit opportunities in China. "The auto industry and the Internet industry share a very important trait: they are both liberating forces for people�'s lives," said Jenny Lee, an executive director at Granite Global.Artikel