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
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Sectors
Transportation, Automotive & LogisticsRetail
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Phone
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Website
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Social
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $45.0M
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First Round
First Round
(01 Jun 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2016 | Amount | Series D - Cheyipai | Valuation |
investors |
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| Jan, 2015 | Amount | Series D - Cheyipai | Valuation |
investors |
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| Feb, 2014 | Amount | Series C - Cheyipai | Valuation | Sequoia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Cars and commercial vehicles are manufactured and marketed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cheyipai
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cheyipai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cheyipai Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Full-stack marketplace services for car ownership are provided.
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| domain | founded_year | HQ Location |
O2O-based used car transaction platform
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| domain | founded_year | HQ Location |
Used cars are auctioned online through a B2C platform.
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| domain | founded_year | HQ Location |
SaaS-driven dealership management solutions for automotive dealerships
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| domain | founded_year | HQ Location |
Web platform for auction of second hand restored cars
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cheyipai
Frequently Asked Questions about Cheyipai
When was Cheyipai founded?
Cheyipai was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Where is Cheyipai located?
Cheyipai is headquartered in Beijing, China.
Is Cheyipai a funded company?
Cheyipai is a funded company, having raised a total of $230M across 5 funding rounds to date. The company's 1st funding round was a Series C of $50M, raised on Jun 01, 2011.
What does Cheyipai do?
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.
Who are Cheyipai's investors?
Cheyipai has 7 investors. Key investors include Renren, Souche, CITIC Capital, BAIC, and Matrix Partners China.