From billion-dollar Evaluation to Float: Chinese Technology unicorn now Could be worth just More than 1,000

Renrenche was among China’s hottest technology unicorns endorsed by investors such as Goldman Sachs Group Inc. and Tencent Holdings Ltd.. The automobile site could sell itself to get a bit more than 1,000. The Beijing-based startup–that had a pre-money evaluation of $1.4 billion at a funding round only a couple of decades ago–includes a preliminary […]