Faraday Future may live to see another day

By Jill Shen

The feast-or-famine financials that have blighted Faraday Future for two years look near a turning point. Its beleaguered founder has secured majority votes from creditors for his personal debt-restructuring plan, according to a US court filing by bank…

Chehaoduo raises $200 million from Sequoia and Softbank

By Emma Lee

Chehaoduo Group announced on Wednesday the completion of $200 million funding from Sequoia Capital China and Softbank Vision Fund. The company is backed by 58.com and is also parent company to online used car platform Guazi and new car seller Maod…