# Shanghai Shuxun E-commerce Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-shuxun-e-commerce-co

- Industry: Retail
- Headquarters: Shanghai, China
- Website: www.autostreets.com
- Latest round: Series B (Aug 31, 2022)
- Investors on record: 2

## About

Based in Shanghai, China and established in 2014, Shanghai Shuxun E-commerce Co., Ltd. is an online second-hand car trading platform that provides second-hand car condition assessments services and auction price information for clients. The company was launched and funded by Mehan, a subsidiary of Cox Automotive, a U.S.-based auto trading and used car auction platform, Runhua Investment, and the China Automobile Dealers Association. The company works with and services over 200 dealer groups. By the end of 2021, it will have established a total of 73 offline auctions. In May 2024, it was listed on the Hong Kong Exchange and Clearing Ltd in May 2024 for HKD 90.88 million.

The company’s main business is facilitating new and second-hand car retail and auction transaction services. The company’s self-developed platform integrates a comprehensive suite of automotive services, including vehicle sales, auctions, maintenance, financial services, and accessories.

The company generates revenue by providing automobile trading, auctions and various automobile-related services.

## Funding rounds

- Series B, Aug 31, 2022 — China Renaissance
- Angel, May 12, 2017 — Zeal Capital

## Investors

- Zeal Capital (https://capitalatlas.ai/funds/zeal-capital) — Angel
- China Renaissance (https://capitalatlas.ai/funds/china-renaissance) — Series B