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sonali afrin
Apr 11, 2022
In Wellness Forum
Editor's introduction: Xiaomi's Lei Jun has a famous saying: Standing on the wind, pigs can fly. But who would have thought that second-hand dealers who do all kinds of advertisements every day have such a hard life. Compared with the United States, buy email list the development of China's used car e-commerce track is still in its infancy, and there is much room for improvement in scale and penetration. With the arrival of the cold winter of 2020, the used car market will also usher in the cold winter of capital. If companies are unable to balance profits and losses, this cold winter may be more severe than expected. On May 6, 2020, Chehaoduo Group, the parent company of Guazi used cars. announced the completion of the D+ round of financing additionally funded by SoftBank Vision Fund and Sequoia Capital China Fund, totaling US$200 million; on October 28, 2020, the used car auction platform Tiantiantian Paiche announced buy email list that it has reached a final agreement with Autohome, and Autohome will invest an additional US$168 million in Tiantian Paiche. All of them are additional investments. There are only two times in total. It is difficult to imagine that this is the total number of financings of the leading used car e-commerce companies at the end of 2020. Two or three years ago, this was not the case at all. Guazi used cars, Uxin used cars, and Renrenche were just picked out, and they could get a new round of financing almost every six months. This year buy email list is obviously not a good year for used car e-commerce. The arrival of the epidemic in the first quarter has caused the entire industry to suffer greatly. Offline stores cannot operate, online transactions have shrunk sharply, and almost all platforms are shrinking strategically. Salary cuts and layoffs follow, and everyone is in danger. By the end of March, 58.com suddenly announced that it had reached an agreement with Uxin Used Car and acquired Uxin Auction-related businesses for US$105 million.
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