About Yixin Group
Yixin Group (HKG: 2858) develops and operates an online retail automobile transaction platform. It connects consumers to a network of automakers, auto dealers, financers, insurance companies, and aftermarket service providers. The company was founded in 2013 and is based in Shanghai, China.
Expert Collections containing Yixin Group
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Yixin Group is included in 2 Expert Collections, including Auto Commerce.
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.
Excludes US-based companies
Latest Yixin Group News
May 8, 2023
08 May, 2023 Autonomous driving software provider Mushroom Chelian Information Technology has bagged 580 million yuan ($83.9 million) in a Series C2 round, the firm announced on Saturday. The round saw the participation of state-affiliated investor Chengdu Science and Technology Innovation Investment Group; Hong Kong-listed automobile financier platform Yixin Group; internet giant Tencent, among others. The firm intends to use the proceeds on product iteration as well as mass adoption of its autonomous driving solutions. Founded in 2017, the Beijing-headquartered firm specialises in vehicle-to-everything (V2X) communication technology that enables autonomous vehicles to share real-time information such as location, speed, and roadway infrastructure via wireless connectivity. The firm offers autonomous vehicles, AI stations, and cloud services to form an autonomous driving system that claims to increase driving safety. It targets municipal governments as its major clients. So far, the firm claims that its solutions have been adopted across major cities and provinces such as Beijing, Sichuan, Hunan, Shandong, Jiangsu, among others. The firm did not disclose details of its previous financing round prior to its Series C extended round. It secured $120 million in a Series A round in February 2019 led by Tencent. Chinese e-commerce firm JD.com, China-focused fund manager Bertelsmann Asia Investments (now known as BAI Capital), and Yixin Group, are among some of the participating investors.
Yixin Group Frequently Asked Questions (FAQ)
When was Yixin Group founded?
Yixin Group was founded in 2013.
Where is Yixin Group's headquarters?
Yixin Group's headquarters is located at Yixin Building, 1 North, Zhongguancun Hongqiao innovation center, #365 Linhong Road, Shanghai.
What is Yixin Group's latest funding round?
Yixin Group's latest funding round is IPO.
How much did Yixin Group raise?
Yixin Group raised a total of $3.241B.
Who are the investors of Yixin Group?
Investors of Yixin Group include Tencent, BitAuto, Wang Wei, China Orient Asset Management, Agricultural Bank of China and 7 more.