August 26, 2014 (Tue): Alibaba Group last week entered an agreement with China Grand Auto Services Co Ltd to setup an online trading platform for second hand cars in the country, China Daily reported.
The report said the platform will provide online consultancy, arrange customers to see the cars and after sales services by the largest passenger vehicle dealer while the consumption data will be analysed by Chinese’s e-commerce giant which can provide loans to the second hand car buyers.
