Best Auto Retail & Aftersales Companies in China

Online B2C used car auction platform. Buyers can explore the cars, view their specifications, select a car & place a bid via the platform.

Online dealer of new cars. It is an integrated service platform for car purchase in installments. It provides new car sales, auto services, car rental services, and automotive finance. The company collaborates with various automotive brands and helps users in the car purchasing process, offers low down payments and provides services like simplified credit approval processes and quick car delivery.

Casstime is an online B2B marketplace for auto spare parts & accessories. The local auto repair shops can request quotes from various automobile spare suppliers & get competitive prices. It offers a SaaS-driven platform to both repair shops & auto parts dealers to manage their inventory.

Guazi is an online P2P marketplace for used cars. Their company inspects a car on various parameters & also offers a limited period warranty. Users can return the car if they are not satisfied with its performance. Buyers can find the cars they are interested in & can make an online booking via the platform.

Funding rounds

• Jun 2021Series E$300M
• May 2020Series E$200M
• Feb 2019Series E$1.5B
• Oct 2018Series D$162M

Founders & team

Mark YangCEO & Chairman

Investors

SoftBank Vision Fund, HongShan, IDG Capital, Capital Today, BOC Investment, Matrix Partners China

Tech stack

BabelBaidu Analytics (百度统计)Core-JsEnvoyFacebook PixelGoogle Analytics

Manufacturer of automobiles, engine and components

Provider of charging station services

Funding rounds

• Jan 2022Series E—
• Dec 2021Series E—
• Aug 2021Series E$308M
• Mar 2021Series D$200M

Founders & team

Wang YangCo-Founder & CEOSun WeilinCo-FounderDai ZhenFounder

Investors

Green Climate Fund, CICC, Asian Development Bank, Contemporary Amperex Technology, China Shandong Hi-Speed Financial Group, Bain Capital

Tech stack

Alibaba Cloud CdnBaidu Analytics (百度统计)JqueryPhpSwiper

Changan Automobile is an automotive manufacturing company with products across categories such as mini cars, sedans, SUVs, vans, mini trucks, and light buses. In 2022, the company recorded annual revenues of $17.1B and a net profit of $1.49B.

Souche is an O2O-based used car transaction platform. Based on the buyer's specification of the price range, model, etc, suitable cars are listed with their detailed information. Once the buyer picks the car, Souche provides a professional examination and the buyer can observe the car in its consignment facility. It helps the buyer and seller bargain online to make a deal and also provides after-sale services.

Funding rounds

• Sep 2018Series F$578M
• Nov 2017Series E$335M
• Apr 2017Series D$180M
• Nov 2016Series C$100M

Founders & team

Yao JunhongFounder and CEO

Investors

5Y Capital, Ferry Venture Capital, Sequoia Capital China, ClearVue Partners, Warburg Pincus, Cygnus Equity

Tech stack

Alibaba Cloud CdnAnt DesignBabelBaidu Analytics (百度统计)Core-JsEcharts

RenRenChe is a P2P used car online transaction services website. Sellers put a request on the site and their vehicle is examined, checked for quality by in-house professionals and the best price is advised. Service for sellers is free. Buyers are charged for value added services like condition testing as well as a service fee which is 3% of the purchase price amount to a maximum of 8000 yuan. Since its initial launch, RenRenChe claims that it has been able to facilitate more than 200,000 used car transactions. In July 2015, the company said that it was able to complete 18,000 transactions. RenRenChe entered a partnership agreement with Taunchewang. The partnership would allow RenRenChe to create 1,000 offline automobile service centres to make its service available to the broader public, not just the online community. RenRenChe is also cooperating with Weizhong Bank, and PingAn Bank to facilitate auto loans for its users.

JekunAuto is an online O2O platform providing after-sales services to users. Users can purchase automobile components and accessories such as engine guards, motor oils, mirrors, tyres. The platform also offers on-demand services such as car washing, maintenance, and other services. Claims to have over 40 chain stores serving 50k registered users with over 3k active users. Has raised an undisclosed amount of funding in a series A round from Jonathan Zhu (Managing Director, Bain Capital). 

YiXinGroup is an online lending marketplace for auto financing. It provides a comprehensive line of automotive financial services such as insurance, new & used car loans. It facilitates cooperative financial institutions to issue auto loans to consumers & mainly charge service fees from consumers or partners that issue auto loans to consumers.

Funding rounds

• May 2018Conventional Debt$150M
• May 2017Series C$580M

Founders & team

Zhang XuanChairman & CEO

Investors

Tencent, COAMC, IDG Capital, Bertelsmann Asia Investments, BAI Capital

Cheyipai is an online B2B used car trading platform. used car auction platform. Offers a SaaS-based ecosystem that encompasses used car inspection, valuation, auction system, and logistics services. Also provides multiple financial & operational tools enabling dealers to manage their stores. Makes profits from trading commissions, advertising and information service fee, logistics service fee, assessment etc. In April 2018, Cheyipai was acquired by Souche, an Alibaba-backed car trading company.