Guazi.com is a Chinese E-Commerce and Automotive startup that was founded in 2015. The company has positioned itself as an industry leader with a strong emphasis on revolutionizing the used car industry. Guazi.com has built a comprehensive business system that includes strict direct selling and national purchasing, offering users a one-stop service for used car inspection and pricing, intermediary services, car financing, interregional circulation, after-sales protection, and maintenance, covering over 200 cities across China.
Through the use of big data and artificial intelligence capabilities, Guazi.com has pioneered the standard pricing of non-standard used cars with its "Guazi Price," which has gradually become an important benchmark for buying and selling used cars in China.
Guazi.com's direct selling stores have successfully integrated online and offline channels, providing sellers with consignment services and offering buyers comprehensive services, thus optimizing service efficiency and user experience. The "Guazi National Purchase" service, closely coordinated with the direct selling stores, enables users to access personal and open platform third-party car sources, breaking traditional regional price barriers in second-hand car transactions and accelerating nationwide circulation. Additionally, it has opened up a wider range of services to meet the diverse car purchase needs of users, leading the transformation of the used car industry from a decentralized economy to a platform economy.
Guazi.com recently secured a $300.00M Series E investment on 10 June 2021, with participation from prominent investors such as IDG Capital, SoftBank Vision Fund, H Capital Advance, Sequoia Capital China, and Mark Yang, which indicates strong support and confidence in the startup's potential for growth and innovation.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series E | $300.00M | 5 | Sequoia Capital China, Mark Yang | 10 Jun 2021 |
Series D | $200.00M | 2 | Sequoia Capital China | 06 May 2020 |
Series D | $1.50B | 1 | 28 Feb 2019 | |
Series C | $162.00M | 4 | Tiantu Capital, Nuoweiqi VC +1 | 16 Oct 2018 |
Series C | $818.00M | 10 | YF Capital, Tencent +4 | 24 Jan 2018 |