AEON Product Finance is engaged in a variety of loan businesses, including auto loans and reform loans. This business partnership will enable the company to enter the car leasing business and will provide new options for customers wishing to purchase cars.
The deal includes an additional $100 million investment by Astra into the Indonesian unicorn -- private companies with valuations of over $1 billion -- lifting the conglomerate's total funding of Go-Jek to $250 million.
“Not just from a transaction, but also an experience point of view. CARS24 enables car owners to sell their cars within two hours of a single visit to one of the many CARS24 branches, with instant payment into their bank accounts and also takes complete responsibility of all the paperwork including RC transfer,” the company says in a statement.
The Beijing-based company, which operates an online platform for car buyers in China, said its revenue in the three months through December reached $318.2 million, 36 percent higher than in the same period of the prior year, surpassing expectations.
Chinese car-sharing start-up Like Chuxing reportedly has secured “tens of millions” of dollars for its series B+ round of financing from a group of investors including Ant Financial, the fintech unit of Chinese e-commerce giant Alibaba.