Lei investment in used-car trading platform millet smart cars not far away?

Used Car Consumer-to-consumer Trading platform Everyone has announced the completion of the second round of financing news, a new round of 20 million U.S. dollar financing by including the source of venture capital and the CIS-lei, a round of investors stay with investment, huaxing Capital as the financing of this round of financial advisers. According to the current round of financing, the car is currently valued at about 150 million U.S. dollars. It is reported that the team was formed in April 2014, the beginning of the establishment of the red point of 5 million U.S. dollars investment. Renren is a personal second-hand car virtual consignment, started operation in July this year, the current business covers Beijing, Guangzhou, Shenzhen and other cities. Man-car founder and CEO Li Jian has worked in Baidu for 7 years, has been Baidu's youngest product director, after successive 58 with the city product Vice president and Microsoft Asia Engineering Academy vice president. Talking about why he started his business in a second-hand car business, he said: "From the big environment, China's second-hand car market has just ushered in a burst of growth." In the first half of 2014, the national second-hand car volume 2.82 million, an increase of 12.8%. Great potential. However, this market is very irregular, opaque, lack of integrity, eat the traditional mode of trade difference, so that ordinary consumers deterred. And the use of the Internet model to transform this traditional industry, not only can compress the intermediate circulation link 15%-50% cost, but also eliminates the offline site expense, thus can in the high efficiency matches the individual used car transaction the process, satisfies the buyer and seller to the price and the quality expectation: The vehicle owner may sell the car to the highest And the buyer can buy at the lowest price safety rest assured of used cars. In addition to Li Jian, the other three co-founder of the Pacific Automotive Network editor-in-chief, Baidu vice general manager of lbs and Baidu map search technology leader. And the Lei of the capital of the car for everyone, also shows its concern about the automotive sector. Before, Millet once invested Kay, through the map field to kill into the car network. There is also news that Millet is brewing the development of smart cars.