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Chehaoduo

Chehaoduo

Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily.

OVERVIEW

Category
Auto
Headquarter
Beijing, China
Founded Time
Sep. 1, 2012
Latest Funding
Series D
Company Size
50-100
Also Known As
Guazi.com, 瓜子二手车直卖网, 车好多
Legal Name
Chehaoduo old car dealers (Beijing) Co., Ltd.
Name (Chinese)
Chehaoduo
Legal Name (Chinese)
车好多旧机动车经纪(北京)有限公司
Website
Email Address
bd@guazi.com
Phone Number
(400)733-6622
Read More

FUNDING

Number of Funding Rounds 7
Total Funding Amount USD 3.37B
Announcement Date Funding Round Funding Raised Lead Investor(s)
Feb. 28, 2019 Series D 1.50B Vision Fund
Oct. 16, 2018 Series C+ 162.00M Tiantu Capital,Nuoweiqi VC,Digital Sky Technologies,CKE
Mar. 1, 2018 Series C 818.00M Tencent Holdings,GIC,Digital Sky Technologies,ICBC International,Yunfeng Capital,IDG Capital,Sequoia Capital China,Invest Today,Hike Capital,H Capital Advance,DST,TH Captial
Oct. 31, 2017 Series B 180.00M Sequoia Capital,Matrix Partners China,Digital Sky Technologies,Capital Today,H Capital Advance
Jun. 15, 2017 Series B 400.00M Sequoia Capital China,Matrix Partners China,Dragoneer Investment Group,H Capital Advance,Cmb International…
Jan. 31, 2016 Series A 250.00M Matrix Partners China
Nov. 25, 2015 Seed 60.00M Youhao Yang(individual)
Announcement Date

Feb. 28, 2019

Funding Round

Series D

Funding Raised

1.50B

Lead Investor(s)

Vision Fund

Announcement Date

Oct. 16, 2018

Funding Round

Series C+

Funding Raised

162.00M

Lead Investor(s)

Tiantu Capital,Nuoweiqi VC,Digital Sky Technologies,CKE

Announcement Date

Mar. 1, 2018

Funding Round

Series C

Funding Raised

818.00M

Lead Investor(s)

Tencent Holdings,GIC,Digital Sky Technologies,ICBC International,Yunfeng Capital,IDG Capital,Sequoia Capital China,Invest Today,Hike Capital,H Capital Advance,DST,TH Captial

Announcement Date

Oct. 31, 2017

Funding Round

Series B

Funding Raised

180.00M

Lead Investor(s)

Sequoia Capital,Matrix Partners China,Digital Sky Technologies,Capital Today,H Capital Advance

Announcement Date

Jun. 15, 2017

Funding Round

Series B

Funding Raised

400.00M

Lead Investor(s)

Sequoia Capital China,Matrix Partners China,Dragoneer Investment Group,H Capital Advance,Cmb International…

Announcement Date

Jan. 31, 2016

Funding Round

Series A

Funding Raised

250.00M

Lead Investor(s)

Matrix Partners China

Announcement Date

Nov. 25, 2015

Funding Round

Seed

Funding Raised

60.00M

Lead Investor(s)

Youhao Yang(individual)

UPDATES

Sets Up New Company Guazi Expand into Logistics Market?
In terms of profitability, Used-car market is still in the state of large losses, and the self-established logistics will bring considerable costs to enterprises.

In terms of profitability, Used-car market is still in the state of large losses, and the self-established logistics will bring considerable costs to enterprises.

Scandal-ridden Guazi Claims to Step up Anti-corruption Efforts
"No middlemen" may be just the business story Guazi originally peddled to the capital markets. Guazi is also looking to make a switch from a C2C model to a B2C model, acknowledging the importance of car dealers in the industry.

"No middlemen" may be just the business story Guazi originally peddled to the capital markets. Guazi is also looking to make a switch from a C2C model to a B2C model, acknowledging the importance of car dealers in the industry.

Chehaoduo Launches 'Turo'-Like App for Car Rental Business
Turning its back on an asset-light strategy, Chehaoduo is shifting into higher gear with the addition of car rental to its increasingly diversified portfolios.

Turning its back on an asset-light strategy, Chehaoduo is shifting into higher gear with the addition of car rental to its increasingly diversified portfolios.

Guazi Should Focus More on Service Amid Craze to Open Stores
As one of the founding enterprises in this industry, Guazi should recognize its own responsibility and operate in good faith.

As one of the founding enterprises in this industry, Guazi should recognize its own responsibility and operate in good faith.

Guazi Opens its Online Store on Alibaba’s E-commerce Platform
Successive moves of Guazi indicate a good relationship between Guazi and Alibaba. The new online store can provide extra traffic access and more inclusive services from being in Alibaba's ecosystem.

Successive moves of Guazi indicate a good relationship between Guazi and Alibaba. The new online store can provide extra traffic access and more inclusive services from being in Alibaba's ecosystem.

Unprofitability Is A Common Phenomenon in the Used-car Industry
Used-car trading platforms have not yet found a good business model; the entire industry shows loss-making trends.

Used-car trading platforms have not yet found a good business model; the entire industry shows loss-making trends.

Guazi Teams Up with Taobao to Provide Used Car Platform in The “New Retail” Area
Guazi and Taobao will offer consumers a one-stop car consumption service; covering transaction, ownership transfer, financial service, insurance and maintenance.

Guazi and Taobao will offer consumers a one-stop car consumption service; covering transaction, ownership transfer, financial service, insurance and maintenance.

CheHaoDuo Acquires Former PPzuche
CheHaoDuo Group, China’s largest second-hand car selling platform, was reported to acquire the peer-to-peer car sharing company Star Car Life.

CheHaoDuo Group, China’s largest second-hand car selling platform, was reported to acquire the peer-to-peer car sharing company Star Car Life.

READ MORE

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