Online Classifieds Site Baixing Wins USD 100 mln Investment

NetEase Tech, 1/19/15

Shanghai-based Kiqiji Information Technology, operator of online classifieds site Baixing.com, has announced the completion of USD 100 mln in Series D financing. The company declined to provide the identities of any of the investors.

Kiqiji CEO Wang Jianshuo said in an interview with NetEase Tech that the funding will mainly be used in three areas: improving the quality of user experience and customer service; improving its talent base, with a focus on mobile terminals; and penetrating further into the second-hand vehicle sector.

Editor's Note: Kiqiji secured Series C funding in mid-2013. For more details, please see "Baixing Reveals Third-Round Funding Details," MD 6/14/13 issue.

Keywords: Wang Jianshuo Internet funding online classifieds Baixing fourth-round Kiqiji

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