RenRenChe is a company that operates in the used car trading market. The company's main services include providing a platform for the buying and selling of used cars, as well as offering used car valuation and consultation services. The company primarily serves the automotive industry. It is based in Beijing, Beijing.
Expert Collections containing RenRenChe
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
RenRenChe is included in 2 Expert Collections, including E-Commerce.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Latest RenRenChe News
Oct 25, 2020
Credits: https://rb.gy/4hstxd Technology can never remain constant; it is dynamic nature of the world that technology is eternally evolving with time. China has always been ahead of the world when it comes to technology and gadgets and this has made it one of the biggest exporters in the world. Well, a former technology company “Renrenche” was one of China’s biggest and hottest tech companies that was also a member of the prestigious Unicorn Club. The company was big and was also backed by some widely known investors such as Goldman Sachs Group Inc. and China’s Tencent Holdings Limited. Time has not been a friend to Renrenche and the company’s valuation is now just a little over $1000. Two years ago, in 2018, the big tech company from China was at a valuation of over $1.4 billion raised in a financing round. Renrenche had a business plan to sell all of its major assets for $1,290 (HK$10,000) to 58.com Inc. which is a classified Chinese advertisement website. This information was obtained from reliable sources which were familiar to the matter. Credits: https://rb.gy/1imwyl The above-mentioned transaction was a private affair and the sources also revealed that 58.com Inc. was all set to take over Renrenche’s Hong Kong business; major assets were all sold so it can be called as an acquisition. China’s leading classified advertisement Company offered an amount of $4 million in loans to Renrenche’s mainland operations. The deal was in the final stages of being completed when Renrenche decided not to proceed with this business deal. When the company was asked about the same, they refused to comment but stated that the contents received from an emailed query sent to 58.com Inc. were inaccurate. There was no further elaboration on the topic. Renrenche was founded in 2014 and its business model involves connecting users planning to trade second-hand cars, taking a much smaller percentage than offline dealers in China. The company is backed by Didi Chuxing, Shunwei Capital and Redpoint China. Credits: https://rb.gy/etnrl9 Two years ago in 2018, the company raised funds worth $300 million from Goldman Sachs, according to sources. Reports suggest that investors are still looking into ways to revive the Revrenche and in the last shareholder meeting; the tech company got some major support from Tencent and Didi. Investors are worried about the company’s situation and are constantly finding effective ways to resolve Revrenche’s liquidity crisis.
RenRenChe Frequently Asked Questions (FAQ)
Where is RenRenChe's headquarters?
RenRenChe's headquarters is located at Room 19-21, Block B, China Railway Construction Plaza, Beijing.
What is RenRenChe's latest funding round?
RenRenChe's latest funding round is Series E.
How much did RenRenChe raise?
RenRenChe raised a total of $760M.
Who are the investors of RenRenChe?
Investors of RenRenChe include Tencent, DiDi, Goldman Sachs, Shunwei Capital, Redpoint Ventures China and 7 more.
Who are RenRenChe's competitors?
Competitors of RenRenChe include Carsome and 7 more.
Compare RenRenChe to Competitors
Chehaoduo offers an online car marketplace. It delivers Guazi, an online customer-to-customer (C2C) used-car trading platform, and Maodou, a new car eCommerce platform. The company was founded in 2015 and is based in Beijing, China.
SouChe Holdings is a C2C platform allowing used-car sellers to dictate their own prices, with revenue generated from commissions charged on individual transactions. Its SaaS products, which include DaFengChe, CheNiu and Chehang168, connect used car dealers to small and large new car dealers in China.
Chezhibao is an online used car trading site which uses an auction system to sell cars, and provides free, one-stop services for sellers.
2Duche operates as a leading used car marketing and service platform. The Company serves used car dealers through its web-based platform and call center. It offers live auctions, drive-thru auctions, an online storefront, and professional call center, and a car inspection service. 2Duche was founded in 2006 and is based in Shanghai, China
Tiantian Paiche is a used car online auction platform.
Che101 is the first mobile-based used car O2O data platform in China. It's core business is to digitize used car data with mobile and cloud technology, create a used car data ecosystem based on live data and provide customer/inventory management, pricing, sales and marketing and financing functions to nationwide used car dealership.