About Chefengwang
Chefengwang is a Transportation, Automotive & Logistics company based in Shanghai (China) founded in 2013. Online platform to orderbook new cars. Chefengwang has raised $90.16 million across 2 funding rounds from investors including Tencent. Its focus areas include Consumer, Auto E-Commerce & Content, New Vehicles and Cars. Its competitors include Huasheng Haoche, Xiamen Yiche Times Information Technology and Gongxifache; 3 of its 3 listed competitors have raised funding.
Company details
Chefengwang was established in 2013 in Shanghai, China, as an automotive eCommerce platform. Authorized dealers are enabled to list and sell new vehicles online. Purchasing processes are facilitated for users across multiple regions, including Beijing, Guangdong, Shandong, Jiangsu, Zhejiang, Hubei, Hunan, and Sichuan. Operations focus on streamlining car acquisitions in the domestic market.
- Headquarters Shanghai, China
- SectorsTransportation, Automotive & Logistics
- Website ichefeng.com
- Total Equity Funding$90.16M (USD)
in 2 rounds
- Latest Funding Round$80.5M (USD), Series B
Jul 2015
- Investors
Funding Insights of Chefengwang
Chefengwang has successfully raised a total of $90.16M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $80.5 million completed in July 2015. 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 $90.16M
- Total Rounds 2
- Last Round Series B — $80.5M
- First Round $9.66M
(May 2015)
- Investors Count 1
All 2 funding rounds of Chefengwang 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 |
|---|---|---|---|---|---|
| Jul 2015 | $80.5M | Series B | – | – | – |
| May 2015 | $9.66M | Series A | – | – |
1 investors in total: 1 institutional.
Investors in Chefengwang
Chefengwang has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tencent.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Value-added internet, mobile, and telecom services are provided in China. | 1998 | tencent.com | Shenzhen, China |
Investor details for Chefengwang
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.
Timeline of Chefengwang
3 dated milestones of Chefengwang across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Chefengwang is founded.
- Funding First funding round of $9.7M.
- Funding Latest funding round, Series B, of $80.5M.
Competitors of Chefengwang
Chefengwang has 3 listed competitors in our database, 3 of them funded. They include Huasheng Haoche, Xiamen Yiche Times Information Technology and Gongxifache.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| huashenghaoche.com | 2015 | Beijing, China | $301.22M | Online dealer of new cars | ||
| yiautos.com | 2016 | Xiamen, China | $92.35M | New cars are sold through an O2O marketplace platform. | ||
| gongxifache.com | 2015 | Shanghai, China | $11.76M | Online B2B platform for new cars |
Detailed competitors of Chefengwang
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- Benchmarks
- Competitive positioning
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Frequently Asked Questions about Chefengwang
Chefengwang was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Chefengwang is headquartered in Shanghai, China.
Chefengwang is a funded company, having raised a total of $90.16M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.66M, raised on May 2015.
Chefengwang was established in 2013 in Shanghai, China, as an automotive eCommerce platform. Authorized dealers are enabled to list and sell new vehicles online. Purchasing processes are facilitated for users across multiple regions, including Beijing, Guangdong, Shandong, Jiangsu, Zhejiang, Hubei, Hunan, and Sichuan. Operations focus on streamlining car acquisitions in the domestic market.
Chefengwang's top competitors include Huasheng Haoche, Xiamen Yiche Times Information Technology and Gongxifache.
Chefengwang has 1 investor. Key investors include Tencent.