About Bochewang
Bochewang is a Transportation, Automotive & Logistics company based in Beijing (China) founded in 2014. Web platform for auction of second hand restored cars. Bochewang has raised $46.1 million across 2 funding rounds from investors including China Pacific Insurance, Ping An and Far East Horizon. Bochewang has completed 1 acquisition, including Fairlubo. Its website bochewang.com.cn draws about 25 thousand monthly visits. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Cars. Its competitors include Souche, Uxin and Automobile industry Internet platform Daxu; 3 of its 3 listed competitors have raised funding.
Company details
Bochewang was founded in 2014 and is based in Beijing, China. A web platform is provided for auctions of second-hand cars that have been restored, focusing on vehicles damaged in accidents. When repair costs exceed vehicle value, insurance companies direct owners to auction the cars to repair shops. Operations are claimed in 35 cities, with over 10,000 registered repair shops participating.
- Headquarters Beijing, China
- SectorsTransportation, Automotive & Logistics
- Website bochewang.com.cn
- Social LinkedIn
- Total Equity Funding$46.1M (USD)
in 2 rounds
- Latest Funding Round$30M (USD), Series B
Jan 2016
- InvestorsChina Pacific Insurance
& 6 more
- Investments & Acquisitions
Funding Insights of Bochewang
Bochewang has successfully raised a total of $46.1M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in January 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $46.1M
- Total Rounds 2
- Last Round Series B β $30M
- First Round $16.1M
(May 2015)
- Investors Count 7
All 2 funding rounds of Bochewang with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2016 | $30M | Series B | β | China Pacific Insurance | |
| May 2015 | $16.1M | Series A | β | New Horizon Capital, Fosun RZ Capital | β |
7 investors in total: 7 institutional.
Investors in Bochewang
Bochewang has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include China Pacific Insurance, Ping An and Far East Horizon.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth stage companies are targeted for private equity investments. | nhfund.com | Hong Kong, China | ||
Corporate-backed venture capital firm focused on retail tech, mobile tech, and multiple sectors | pinganventures.com | Pudong, China | ||
Early & growth stage centric tech-focused VC firm investing in China and the US | kinzoncap.com | Chaoyang, China | ||
Life and property insurance services are provided nationwide. | 1997 | cpic.com.cn | Shanghai, China | |
Financial services are provided through investments in diverse sectors. | 1991 | fehorizon.com | Hong Kong, China | |
Life and non-life insurance, banking, and financial services are provided. | 1987 | pingan.com | Shenzhen, China | |
Venture capital investment and fund management services are conducted globally. | 2013 | frzcapital.cn | Beijing, China |
Investor details for Bochewang
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Bochewang
Bochewang has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fairlubo.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Accident-damaged cars are auctioned to dealers via membership platform. | lubaocar.com | Beijing, China | 2011 | Jan 2020 | $47.57M |
Complete acquisition details for Bochewang
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Bochewang
4 dated milestones of Bochewang across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Bochewang is founded.
- Funding First funding round of $16.1M.
- Funding Latest funding round, Series B, of $30.0M.
- Acquisition Acquires Fairlubo.
Competitors of Bochewang
Bochewang has 3 listed competitors in our database, 3 of them funded. They include Souche, Uxin and Automobile industry Internet platform Daxu.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| souche.com | 2012 | Hangzhou, China | $1.21B | O2O-based used car transaction platform | ||
| xin.com | 2011 | Shenzhen, China | $500M | Used cars are auctioned online through a B2C platform. | ||
| dasouche.com | 2012 | Hangzhou, China | $578M | SaaS-driven dealership management solutions for automotive dealerships |
Detailed competitors of Bochewang
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Bochewang
The website of Bochewang (bochewang.com.cn) receives about 24.8K visits a month.
- Monthly visits24.8K
▼ 8.9% vs previous month
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Frequently Asked Questions about Bochewang
Bochewang was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Bochewang is headquartered in Beijing, China.
Bochewang is a funded company, having raised a total of $46.1M across 2 funding rounds to date. The company's 1st funding round was a Series A of $16.1M, raised on May 2015.
Bochewang was founded in 2014 and is based in Beijing, China. A web platform is provided for auctions of second-hand cars that have been restored, focusing on vehicles damaged in accidents. When repair costs exceed vehicle value, insurance companies direct owners to auction the cars to repair shops. Operations are claimed in 35 cities, with over 10,000 registered repair shops participating.
Bochewang's top competitors include Uxin, Souche and Automobile industry Internet platform Daxu.
Bochewang has made 1 acquisition, including Fairlubo.
Bochewang has 7 investors. Key investors include China Pacific Insurance, Ping An, Far East Horizon, FRZ Capital, and NH Fund.