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17 February 2017

Beepi hits the skids

The used car marketplace, which had been backed by automaker SAIC Motor at a $500m valuation, is set to wind down and sell off its assets.

Author: Robert Lavine, News Editor

Beepi, the US-based online vehicle marketplace that had raised about $150m in funding from investors including carmaker SAIC Motor, is set to wind down its business, the Wall Street Journal reported yesterday.