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SoftBank's Vision Fund in may invest $1.5 bn in Chinese used car platform

The move would mark the latest Chinese deal by the mammoth $100 billion investment fund as it looks to expand in the world's No.2 economy

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A man looks at the logo of SoftBank Group Corp at the company's headquarters in Tokyo

Reuters Hing Kong/Beijing
The SoftBank-led Vision Fund is in talks to invest up to $1.5 billion in Chinese used car trading platform Guazi.com, two people with knowledge of the matter said.

That would mark the latest Chinese deal by the mammoth $100 billion investment fund as it looks to expand in the world's No.2 economy, and would come after it invested 460 million euros in German used car dealing platform Auto1.

The fund is likely to invest up to $1.5 billion in Guazi in a deal that would value the firm at $8.5 billion before the investment, according to one of the sources,