China
Guazi.com, established in 2015, aims to innovate and transform the used car industry by offering consumers a comprehensive platform for buying and selling vehicles in China. With a nationwide reach covering over 200 cities, Guazi.com provides a range of services including vehicle inspection, pricing, intermediary services, automotive financing, and after-sale support.
Renowned as a leader in its sector, Guazi.com introduced the "Guazi Price," a data-driven approach using big data and AI to standardize used car valuation across the country, promoting transparency in vehicle condition and pricing. The company's flagship '严选直卖' stores integrate online and offline services to optimize consumer experience, offering sellers the option to consign vehicles while buyers benefit from a convenient purchasing process.
Guazi.com recently secured a $300.00M Series E investment in June 2021 from prominent investors such as IDG Capital, SoftBank Vision Fund, and Sequoia Capital China. This investment reinforces its mission to lead the transition of the used car industry from a fragmented to a platform economy, expanding its cross-regional transaction service offerings.
