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General Information

Websitecheyipai.com
CategoryConsumer Electronics/Devices
Employees
Founded2009

Offices

Beijing, CHN

People

Co-founder
Co-Founder

Funding

TOTAL $50M
FUNDING TOTAL $50M
Venture Round, 2/2014
Sequoia Capital
Matrix Partners
CITIC Capital Holdings
Morningside Group
$50M

Tags

Cheyipai

Cheyipai is the leading domestic second-hand car trading platform in China. The cars on the platform are sold to overall 163 cities countrywide. There are around 100,000 used car dealers in China and Cheyipai has established cooperation with 6% of the total. The company planned to partner up with 10% of the car dealers in 2014.

Cheyipai has created a normalized used car detection and valuation system, 268V, that charges used car valuation fees from sellers, and transaction-based and other commissions from buyers. A percentage of commissions go to its 4S store partners.

Recent Milestones

Videos

Screenshots

Cheyipai screenshot
Above: Homepage
Uploaded: 2/14/14

Sources

  1. Cheyipai Completes US$50M Financing (finsmes.com) [edit]
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Last Edited 3/12/14

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