Hangzhou, China
Souche, founded in 2012 by Mr. Yao Junhong, is a pioneering automotive new retail platform in China. Known for its comprehensive ecosystem tailored to the automotive industry, Souche has been compared to 'the Alibaba of the Chinese automotive industry'. It provides an array of diverse services such as the automotive financial leasing platform Tangeche, and the B2B industrial chain service platform Chehang168.
Since its inception, Souche has attracted significant investment, raising over $1.2 billion by August 2018 from esteemed investors like Alibaba Group, Ant Financial Services Group, and Warburg Pincus. Most recently, a $578 million Series F round on May 10, 2018 involved participants such as ClearVue Partners and 5Y Capital.
With its ambitious goal of becoming the ‘big intelligent brain’ of the automotive sector, Souche stands as a formidable player in the market, exhibiting a robust and diversified business model appealing to investors and industry stakeholders.
