About Cheyipai
Cheyipai is a Transportation, Automotive & Logistics company based in Beijing (China) founded in 2006, and was acquired by Souche in April 2018. B2B used car trading platform. It operates in the Transportation, Automotive & Logistics and Retail sectors. Cheyipai has raised $230 million across 5 funding rounds from investors including Renren, Souche and CITIC Capital. The company has 212 employees. Cheyipai was last valued at $50 million in April 2018. 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
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.
- Headquarters Beijing, China
- Employees 212
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsRetail
- Website cheyipai.com
- Social LinkedIn
- Acquired by Souche (Apr 2018)
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 $230M
- Total Rounds 5
- Last Round Series D β $45M
- First Round $5M
(Jun 2011)
- Investors Count 10
All 5 funding rounds of Cheyipai 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 |
|---|---|---|---|---|---|
| Sep 2016 | $45M | Series D | β | β | |
| Jan 2015 | $110M | Series D | β | β | |
| Feb 2014 | $50M | Series C | β | Sequoia Capital | |
| Mar 2013 | $20M | Series B | β | β | |
| Jun 2011 | $5M | Series A | β | β |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Cheyipai
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $50M (Apr 2018). 10 investors in total: 10 institutional.
Investors in Cheyipai
Cheyipai has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Renren, Souche and CITIC Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this venture capital firm. | matrixpartners.com.cn | Chaoyang, China | ||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Multiple sectors are invested in by Morningside, a VC fund. | morningside.com | Newton, United States | ||
A venture capital firm focused on technology and innovation investments. | 5ycap.com | Shanghai, China | ||
Investment banking firm & PE fund | hinagroup.com | Chaoyang, China | ||
Cars and commercial vehicles are manufactured and marketed. | 1958 | baicgroup.com.cn | Beijing, China | |
VC and private equity investments are made in China-US companies. | morningside.com.cn | Shanghai, China | ||
Commercial ecological platform projects are targeted by this corporate fund. | 2002 | citiccapital.com | Hong Kong, China | |
Online social networking is enabled via communication and media sharing. | 2005 | renren.com | Haidian, China | |
O2O-based used car transaction platform | 2012 | souche.com | Hangzhou, China |
Investor details for Cheyipai
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Timeline of Cheyipai
5 dated milestones of Cheyipai across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Cheyipai is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series D, of $45.0M.
- Milestone Reaches Unicorn status.
- Exit Acquired by Souche.
Competitors of Cheyipai
Cheyipai 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 Cheyipai
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Web traffic of Cheyipai
Websites that share an audience with Cheyipai (cheyipai.com).
Websites whose visitors overlap most with Cheyipai. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| youxinpai.com | 100% | 1.7K | #9,629,922 | View details | |
city.bitauto.com | city.bitauto.com | 98% | β | ||
| niuche.com | 98% | View details | |||
| micw.com | 98% | View details | |||
huaibei.taoche.com | huaibei.taoche.com | 98% | β | ||
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 7 similar websites and full traffic analytics for Cheyipai
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Related news about 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. It is registered at Beijing, Beijing, China.
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 A of $5M, raised on Jun 2011.
Cheyipai has 212 employees.
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 Uxin, Souche and Automobile industry Internet platform Daxu.
Cheyipai has 10 investors. Key investors include Renren, Souche, CITIC Capital, BAIC, and Matrix Partners China.
The valuation of Cheyipai is $50M as of Apr 2018.
Yes. Cheyipai was acquired by Souche in April 2018.