# Che Hao Duo Used Automobile Agency (Beijing) Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/che-hao-duo-used-automobile-agency-beijing-co

- Industry: Retail
- Headquarters: Beijing, China
- Website: www.guazi.com
- Total disclosed funding: $3.3B
- Latest round: Series D (May 6, 2020)
- Investors on record: 25

## About

Founded in 2015 and based in Beijing, China, Che Hao Duo Used Automobile Agency (Beijing) Co., Ltd. is a company that focuses on providing auto consumer services. The company was formerly known as Guazi.com, and its main business was second-hand car trading. After two years of operation, the company's founder Yang Haoyong announced the integration of the two brands of Guazi.com and Maodou.com to establish Che Hao Duo Group. In the second half of 2018, the group deployed the auto aftermarket, forming three core businesses of used cars, new cars, and after-sales services, as well as related services such as finance, insurance, logistics, and delivery. Starting in 2019, Che Hao Duo Group has begun a comprehensive transformation to e-commerce. In 2020, its three core businesses have gradually shifted to the mode of online trading and offline fulfillment of transaction agreements. In June 2021, Che Hao Duo Used Automobile Agency (Beijing) Co., Ltd. raised USD 300 million in venture funding led by H Capital. The company's main business is used car trading services, new car trading services, and automobile after-sales service. Guazi.com is mainly engaged in second-hand car trading services, which include C2C, B2C, and C2B models. The platform allows individuals and car dealers to trade freely, while it is responsible for the inspection services of the vehicles being traded. Maodou.com focuses on new car transactions, and users can select cars online after submitting relevant information. In addition, the company also provides customers with services such as car installment transactions and logistics distribution.

## Funding rounds

- Series D, May 6, 2020, $200M — Hong Shan, SB Investment Advisers
- Series D, Feb 28, 2019, $1.5B — SB Investment Advisers
- Series C, Oct 16, 2018, $162M — Tiantu Capital, DST Global, Novich Venture Capital, CKE
- Series C, Mar 1, 2018, $818M — Hong Shan, GIC, Capital Today, IDG Capital, FountainVest, YF Capital, Tencent Investment, DST Global, ICBC International, H Capital, Shougang Fund, SH Capital, Taihe Capital
- Series B, Oct 31, 2017, $180M — Hong Shan, BlueRun Ventures, Bank of China Group Investment, Capital Today, DST Global, Dragoneer Investment Group, H Capital, MPC
- Series B, Jun 15, 2017, $400M — Hong Shan, BlueRun Ventures, CMB International Asset Management, Dragoneer Investment Group, H Capital, Hike Capital, MPC, Jingxin Venture Capital
- Series A, Sep 13, 2016, $46M — BlueRun Ventures, 58.com Inc., MPC

## Investors

- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series A, Series B
- 58.com Inc. — Series A
- MPC — Series A, Series B
- Hong Shan — Series B, Series C, Series D
- CMB International Asset Management (https://capitalatlas.ai/funds/cmb-international-asset-management) — Series B
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series B
- H Capital (https://capitalatlas.ai/funds/h-capital) — Series B, Series C
- Hike Capital (https://capitalatlas.ai/funds/hike-capital) — Series B
- Jingxin Venture Capital — Series B
- Bank of China Group Investment — Series B
- Capital Today (https://capitalatlas.ai/funds/capital-today) — Series B, Series C
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series B, Series C
- GIC — Series C
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series C
- FountainVest (https://capitalatlas.ai/funds/fountainvest) — Series C
- YF Capital (https://capitalatlas.ai/funds/yf-capital) — Series C
- Tencent Investment — Series C
- ICBC International (https://capitalatlas.ai/funds/icbc-international) — Series C
- Shougang Fund — Series C
- SH Capital — Series C
- Taihe Capital — Series C
- Tiantu Capital (https://capitalatlas.ai/funds/tiantu-capital) — Series C
- Novich Venture Capital — Series C
- CKE — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series D