SouChe provides a customer-to-customer (C2C) platform. It allows used-car sellers to dictate their own prices, with revenue generated from commissions charged on individual transactions. Its products connect used car dealers to small and large new car dealers in China. The company was founded in 2012 and is based in Hangzhou, China.
Research containing SouChe
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned SouChe in 2 CB Insights research briefs, most recently on Sep 3, 2021.
Expert Collections containing SouChe
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
SouChe is included in 3 Expert Collections, including E-Commerce.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
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 SouChe News
Sep 4, 2018
36Kr.com, 9/03/18 The CEO at Beijing-based Souche Holdings, which operates C2C used car trading platform Souche.com, recently sent an internal email revealing that the company has completed USD 578 mln in new funding led by Primavera Capital Group and Morningside Ventures with participation by Chinese internet conglomerate Alibaba (NYSE: BABA), Beijing-based Dreamfly Capital Management, Lingfeng Capital, Shenzhen-based Palading Equity Investment, ClearVue Partners, Russia-China Investment Fund, Sunshine Insurance Group, and CreditEase. Souche CEO Yao Junhong also confirmed that Souche has wholly-acquired two firms, including Beijing-based Yunche Wang Network Technology, operator of mobile vehicle shipping app Yunche Guanjia, and Shanghai-based auto dealer group ERP system provider Breakthrough Information Technology. Yao said that as of August 2018, Souche's SaaS business reaches 90% of medium- and large-size used vehicle dealerships, more than 9,000 4S stores, and over 60,000 new vehicle dealerships. In 2018, the company's SaaS systems are expected to handle RMB 350 bln in total online transactions, a 200% increase YoY. Editor's Note: Chinese IT industry investment information portal IT Juzi reports this newest round of funding as Series F (Pre-IPO). For more information on this topic, please see Rumor: Used Car Trading Site Souche Raising USD 800 Mln Series F , MD 5/11/18 issue.
SouChe Frequently Asked Questions (FAQ)
When was SouChe founded?
SouChe was founded in 2012.
Where is SouChe's headquarters?
SouChe's headquarters is located at 175 Wuchang Boulevard, Hangzhou.
What is SouChe's latest funding round?
SouChe's latest funding round is Debt - II.
How much did SouChe raise?
SouChe raised a total of $1.282B.
Who are the investors of SouChe?
Investors of SouChe include Ping An Trust, Bank of Shanghai, 5Y Capital, ClearVue Partners, CE Innovation Capital and 19 more.
Who are SouChe's competitors?
Competitors of SouChe include Carsome, Carro, Chehaoduo, Tiantian Paiche, Chezhibao and 7 more.
Compare SouChe 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.
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.
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.
Chezhibao is an online used car trading site which uses an auction system to sell cars, and provides free, one-stop services for sellers.
Carro provides an online marketplace for used cars. The company offers aspects of car ownership and uses artificial intelligence (AI) enabled technology for the car ownership lifecycle, including buying, selling, and leasing second-hand cars, all facilitated through an online platform. It primarily serves the automotive industry. It was founded in 2015 and is based in Singapore.
Che300 operates as an independent third-party vehicle pricing and condition query service platform. The company provides one-stop services for data in the automobile trading and financial industry chain, such as vehicle pricing and vehicle condition information, vehicle loan asset scanning analysis, pre-lending and post-loan big data risk control, financing transactions, and managing vehicle disposals. It was founded in 2014 and is based in Nanjing, China.