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Chinese second-hand car platform Renrenche denies bankruptcy rumors

Competition between China’s online used car sellers is increasing, as are public spats among players.

by Eliza Gkritsi Nov 27, 2019

The joint project will compete with similar efforts by Alibaba, Meituan, and JD.

Starting at $38,400, the sedan is designed to compete with Tesla’s Model 3.

Intense competition in China’s short video segment is pushing companies to seek growth in overseas markets.

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