Alibaba led a $335 series E funding round in SouChe.

Alibaba, a Chinese multinational technology company, led a $335 series E funding round in SouChe, an automotive internet platform, with participation from Warburg Pincus, Primavera Capital and CMB International. "The value strategic investors such as Alibaba brings to the company is far beyond funding support. More importantly, SouChe will benefit from the investors' cultural recognition, strategic collaboration, complementary resources as well as the shared vision for promoting the development of the industry," Junhong Yao, SouChe Founder and CEO.