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§ Private Profile · Beijing, Beijing, China
Online e-commerce platform for buying and selling used cars across China, offering used car detection and valuation.
Based in Beijing, China, Cheyipai operates an online automotive retail platform that enables users to buy and sell second-hand vehicles across the domestic market. The enterprise facilitates nationwide automotive transactions by providing standardized used car detection and comprehensive valuation services directly through its proprietary 268V technical system. Operating its digital marketplace across 163 cities, the platform connects individual sellers with a broad network of buyers and has successfully established operational partnerships with approximately six percent of the country's 100,000 used car dealers. Cheyipai generates its primary revenue through seller valuation fees, buyer transaction commissions, and shared commissions with 4S store partners. The organization has secured $50 million in venture funding from lead investor Sequoia Capital, with additional participation from Morningside Ventures, Matrix Partners, and CITIC Capital. The company was founded in 2009 by Wang Tiezhong and Yang Xuejian.
Cheyipai has raised $160.0M across 2 funding rounds.
Cheyipai has raised $160.0M in total across 2 funding rounds.
Cheyipai has raised $160.0M across 2 funding rounds. Most recently, it raised $110.0M Series D in March 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 2, 2015 | $110M Series D | Renren | Citic Capital, Matrix Partners China, Morningside Ventures, Sequoia Capital | Announced |
| Feb 17, 2014 | $50M Venture Round | Sequoia Capital | Citic Capital, Matrix Partners, Morningside | Announced |
Cheyipai has raised $160.0M in total across 2 funding rounds.
Cheyipai's investors include Renren, CITIC Capital, Matrix Partners China, Morningside Ventures, Sequoia Capital, Matrix Partners, Morningside.