A well-known second-hand car trading service platform in China, a large-scale Internet second-hand car auction platform, is committed to providing one-stop second-hand car trading services for both sides of the platform in an online and offline manner
Founded in 2014, as a dark horse in the field of second-hand cars, it connects C-end individual sellers and B-end dealers through the advantages of the platform, aiming to provide one-stop second-hand car trading services such as free door-to-door testing, wireless bidding, door-to-door transaction, and transfer of ownership for both sides of the platform in an online and offline manner.
In September 2015, Tiantian Paiche received a $73 million A B round of financing jointly invested by Bitauto, Tencent, SoftBank China, Haina Asia, etc., which will be mainly used to continue to optimize C-end services, improve the efficiency of auction operations, and fully open up second-hand car finance, insurance, extended warranty, circulation and other services.
In November 2016, Tiantian Paiche received a C1 round of financing of US$100 million, which was invested by Industrial Asset Management, Gouda Investment, BitAuto, Tencent, SoftBank China and Haina Asia, with Taihe Capital as the exclusive FA of this round of financing. After this round of financing, while mainly engaged in the online auction business of second-hand cars, it will further extend the upstream and downstream of the industrial chain, provide users with diversified products and services, and gradually establish a product system of the whole industry chain such as selling the old and buying the new, second-hand car finance, car insurance, extended warranty, etc., so as to provide one-stop auto consumption services for re-consumer groups.
Up to now, Tiantian has set up offline transaction service centers in 20 cities, including Shanghai, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Tianjin, Wuhan, Suzhou, Hangzhou, Nanjing, Dongguan, Foshan, Ningbo, Xi'an, Hefei, Changsha, Qingdao, Zhengzhou and Nanning, providing users with second-hand car trading services such as free door-to-door testing, online bidding, and free transfer procedures. In the future, Tiantian Paixe will continue to add offline stores, and its business scope will cover major cities across the country.
