Guazi: Guazi CEO confirms another advertising blitz

While it may have bagged a $1.5 billion U.S. investment from Japanese mega-fund SoftBank, China's c-to-c used auto leader Guazi.com is still far from turning a profit, four years after it was founded. One of the major reasons for this has been the enormous resources that it has put into an ongoing advertising struggle with rivals like RenRenChe and Uxin.