Cheyipai

Beijing, China Founded: 2006 • Age: 20 yrs Acquired By Souche
B2B used car trading platform
Annual revenue - Latest available
Total funding $230.0M 5 rounds
Employees - Tracked headcount
Investors 7 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

About Cheyipai

Cheyipai is a company based in Beijing (China) founded in 2006 was acquired by Souche in April 2018. Cheyipai has raised $230 million across 5 funding rounds from investors including Renren, Souche and CITIC Capital. Cheyipai operates in a competitive market with competitors including Carro, Souche, Uxin, Automobile industry Internet platform Daxu and Bochewang, among others.

  • Headquarter Beijing, China
  • Sectors
    Transportation, Automotive & Logistics
    Retail
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Transportation, Automotive & Logistics → Automotive Retail, Aftermarket & Services Unlock Sub-Sector Unlock Segment
Retail → E-Commerce Platforms & Marketplaces Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Automotive Retail, Aftermarket & Services Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $230 M (USD)

    in 5 rounds

  • Latest Funding Round
    $45 M (USD), Series D

    Sep 06, 2016

  • Investors
    Renren

    & 6 more

  • Employee Count
    Not available
  • Acquired by
    Souche

    (Apr 04, 2018)

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Funding Insights of Cheyipai

Cheyipai has successfully raised a total of $230M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $45 million completed in September 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.

Investors in Cheyipai

Cheyipai has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Renren, Souche and CITIC Capital.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Multiple sectors are invested in by this venture capital firm.
Locked Locked Locked
Sequoia Capital is engaged in venture capital investments.
Locked Locked Locked
Cars and commercial vehicles are manufactured and marketed.
Locked Locked Locked
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Investor details for Cheyipai

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  • Investor domains
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Investments & Acquisitions by Cheyipai

Investments
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Investment portfolio details for Cheyipai

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  • Transaction dates
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Financial Statements - Cheyipai

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Detailed financials for Cheyipai

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Cheyipai Comparisons

Cheyipai Primary company
Description
B2B used car trading platform
Location
Beijing, China
Founded Year
2006
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Cheyipai

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Competitors of Cheyipai

Cheyipai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carro, Souche, Uxin, Automobile industry Internet platform Daxu and Bochewang, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Full-stack marketplace services for car ownership are provided.
Locked Locked Locked
O2O-based used car transaction platform
Locked Locked Locked
Used cars are auctioned online through a B2C platform.
Locked Locked Locked
SaaS-driven dealership management solutions for automotive dealerships
Locked Locked Locked
Web platform for auction of second hand restored cars
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Detailed competitors of Cheyipai

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Latest news on Cheyipai

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Complete news archive for Cheyipai

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Frequently Asked Questions about Cheyipai

Cheyipai was founded in 2006 and raised its 1st funding round 5 years after it was founded.

Cheyipai is headquartered in Beijing, China.

Cheyipai is a funded company, having raised a total of $230M across 5 funding rounds to date.

Founded in 2006 in Beijing, China, Cheyipai functions as a B2B platform in the used car sector. An online auction system is provided, along with a SaaS ecosystem that includes inspection, valuation, auction, and logistics services. Financial and operational tools are offered to dealers for store management. Revenue is generated from trading commissions, advertising, information fees, and logistics charges. Acquisition by Souche occurred in April 2018.

Cheyipai's top competitors include Carro, Uxin and Souche.

Cheyipai has 7 investors. Key investors include Renren, Souche, CITIC Capital, BAIC, and Matrix Partners China.

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