# Shanghai Carlink Network Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-carlink-network-co

- Industry: Internet
- Headquarters: Shanghai, China
- Website: www.eclicks.cn
- Total disclosed funding: $100M
- Latest round: Series C (Dec 1, 2016)
- Investors on record: 6

## About

Shanghai Carlink Network Co., Ltd is a technology company focused on enhancing automotive ownership experiences through innovative services such as vehicle purchase assistance, maintenance solutions, and community-driven automotive engagement.Founded in 2012 in Shanghai, China, Shanghai Carlink Network Co., Ltd specializes in providing a range of automotive services. The company has not undergone any significant organizational changes and does not have known subsidiaries. The founder, Feng Wu, is also the CEO and has experience in the automotive sector. The company raised CNY 100 million in Series C funding in December 2016 from Hanfor Capital, bringing the total amount raised to CNY 100 million across five deals.Shanghai Carlink Network Co., Ltd offers a comprehensive range of automotive services designed to enhance the ownership experience for car owners. The core product offerings include a mobile application that facilitates various services such as driving school registration, vehicle purchasing (both new and used), vehicle maintenance, and automotive-related administrative assistance. Additionally, the platform provides access to automotive news, a community for car enthusiasts, and an online marketplace for automotive products. These services cater primarily to private vehicle owners and prospective car buyers, addressing key pain points in vehicle acquisition, maintenance, and community engagement. The company operates in various geographical markets, focusing on urban areas in China where there is a high density of vehicle ownership and a robust demand for automotive services.Revenue generation for Shanghai Carlink Network Co., Ltd is structured through a combination of service fees and potential subscription models for premium offerings. Clients engaging with the platform may access specific services such as driving tests or vehicle purchase guidance, each associated with set transaction fees. Additionally, revenue could be derived from partnerships with automotive retailers and service providers, which would allow for a B2B transaction structure where the company facilitates connections between consumers and service providers, potentially earning commissions on successful transactions. The platform's various services position it to tap into multiple revenue streams through direct consumer engagement, partnerships, and a marketplace for automotive products.Shanghai Carlink Network Co., Ltd aims to utilize the recent funding from the Series C financing to enhance its service offerings and expand into new markets. The company is currently designing new products to improve user engagement and is targeting expansion into additional urban areas in China by the end of 2023. The CNY 100 million raised will support these initiatives, allowing the company to invest in technology and marketing to facilitate their growth strategy.

## Funding rounds

- Series C, Dec 1, 2016, $14M — Hanfor Capital
- Series C, Apr 12, 2016, $85M — Greenwoods Asset Management, Goodhope Financial Service, SAIC Capital
- Series B, Dec 3, 2014 — Legend Capital
- Series A, Jun 1, 2014 — Vision Knight Capital

## Investors

- Vision Knight Capital (https://capitalatlas.ai/funds/vision-knight-capital) — Series A
- Legend Capital — Series B
- Greenwoods Asset Management (https://capitalatlas.ai/funds/greenwoods-asset-management) — Series C
- Goodhope Financial Service (https://capitalatlas.ai/funds/goodhope-financial-service) — Series C
- SAIC Capital (https://capitalatlas.ai/funds/saic-capital) — Series C
- Hanfor Capital (https://capitalatlas.ai/funds/hanfor-capital) — Series C