Used car trading platform DaSouChe receives USD 180 M in Series D round
Founder: Yao Junhong
Founded in: 2012
Financing status: RMB 12 billion (USD 180 million) Series D financing in 2017
DaSouChe is a used car trading platform that aims to build a transparent secondhand car trading platform for customers in the online-to-offline mode. It provides customers with secondhand car information online, and its offline stores provide customers with professional trading, financing and insurance services. A Beijing company founded in 2012, it is based on big data technology and financing services with more than 510,000 cars traded on this platform. The sum of business transactions amount to RMB 69.6 billion in 2016.
DaSouChe raised USD 100 million Series C financing round led by Alibaba Group’s financial service affiliate Ant Financial and car rental service provider Ucar. This Series D round was led by Warburg Pincus. DaSouChe will use this fund to improve its trading and financing technology.
Power bank rental startup Laidian receives USD 20 M in Series A round
Founder: Yuan Bingsong
Founded in: 2014
Financing status: RMB 138 million (USD 20 million) Series A financing in 2017
Laidian is a power bank rental startup that focuses on providing an alternative for those who cannot charge their mobile phones while they are outside the home and office after 5 p.m. Most people in China use their phones to shop, pay bills and taxes. Thus, their phone batteries normally go flat before the end of the day, and it can be inconvenient to bring out a heavy power bank with them all the time. A Shenzhen company founded in 2014, Laidian has so far placed its power bank rental terminals in more than 80 cities in China. Most rental terminals are mainly placed in shopping malls, subway and railway stations with more than 20,000 users renting its power banks everyday.
Laidian has collaborated with Ant Financial to enable users to rent power banks without a deposit. Laidian’s USD 20 million Series A financing round was led by SIG and Redpoint, which will be used to set up more power bank rental terminals in new cities.
(Top photo from 58pic.com)