Sep 16, 2021 12:26 PM (GMT+8) · EqualOcean
On September 16, xinkangzhong, a well-known one-stop automobile aftermarket service platform in China, announced the completion of round D financing of nearly US $200 million. The leading investor is Asia investment capital, and Yunlong capital and Alibaba group, an old shareholder, continue to follow up. The current round of financing funds will be mainly used for the national market expansion of tmall car store at end C, forming a complete link and full coverage of s2b2c automobile post market services. Jiangsu Kangzhong Auto Parts Co., Ltd. originated in 1995. With the deepening of business, it has gradually developed into a B2B auto parts supply chain professional service provider with more than 1300 Direct stores in China. In the process of development, it has been favored by many excellent investment institutions, including Warburg Pincus capital, Goldman Sachs asset management, Yunfeng fund, PAG and so on. Multiple rounds of equity fundraising have been successfully completed, helping the rapid development of the enterprise. In 2018, Alibaba became the largest shareholder of xinkangzhong and exclusively authorized the after car business of tmall and Taobao to xinkangzhong for operation, so that xinkangzhong arranged the construction of C-end car keeping retail service network on the basis of the original 2B business. Its "tmall car keeping" brand had joined more than 1500 stores and more than 24000 stores under application by the deadline. In the future, xinkangzhong will make use of the Internet advantageous resources of Alibaba group and F6 digital intelligent management system to continuously help partners' store digital upgrading and service system standardization construction.

This text is a result of machine translation.