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Help the auto consumer industry recover?Lots of cars completed additional financing of US $ 200 million

Help the auto consumer industry recover?Lots of cars completed additional financing of US $ 200 million
On May 6, Chehaoduo Group announced the completion of an additional financing of US $ 200 million. Investors aimed at SoftBank’s first-phase fund, Sequoia Capital China Fund, and the D-round financing reached US $ 1.7 billion.Che Hao Duo announced that it will achieve overall profitability for the Group in the fourth quarter of 2019. The new capital will be used for the development of Che Hao Duo’s post-vehicle business, to strengthen its collaboration with melon seeds and edamame, and to achieve cost control and revenue improvement brought by business collaboration.In addition, the focus of this financing is to help the automobile consumer service industry recover, through the integration of resources and capabilities, to reduce the cost of second-hand car companies to resume production, to achieve the overall optimization of used car consumption processes, performance and experience, and to seek together with the industryNew growth opportunities.After nearly 5 years of development, many car companies belong to the second-hand car of Sunflower Seeds, the new car of edamame, and the three major businesses after the car.In addition to the stores in more than 100 cities offline, Guazi used cars have achieved nationwide coverage through Guazi logistics.Maodou New Vehicles has established a store service network for thousands of stores in sinking third-tier cities and below.After many cars, it established stable cooperation with conventional mainstream insurance companies. At the same time, it established an offline service network through offline self-operated and Sanfang stores.Ji Yue, a partner of Sequoia Capital China Fund, said that Sequoia China has participated in a lot of car investment in the A round, and many car businesses have been extended from second-hand cars to new cars, after-market, and accumulated experience and lessons; Che Haodu cut into three markets simultaneously and enteredThe field has not been transformed by the Internet, and the opportunity value is seriously higher, but it has also opened up new industrial development ideas, and the collaborative value between the three businesses is being released.”I hope to deepen cooperation with regulatory agencies, OEMs, dealers, car dealers and other partners to enhance consumer confidence, stimulate industrial vitality, and help the automotive consumer industry recover from the impact of the epidemic.Yang Haoyong, CEO of Chehaoduo Group, said.Sauna, Ye Wang Chen Weicheng Editor Chen Li proofreading Liu Baoqing