Boche

Boche operates as the largest auction platform for accident vehicles in China, commanding a market share of approximately 31.3% by trading volume in 2023. Its core business connects upstream vehicle suppliers, primarily insurance companies representing over 95% of China's auto insurers, with a vast downstream network of buyers. This network includes over 42,300 certified repair shops, more than 950 licensed auto dismantling factories, and thousands of car dealers. The company also functions as China's third-largest B2B used car auction platform, facilitating transactions for vehicles from rental agencies, auto finance firms, and corporate fleets.

The firm's business model is centered on a comprehensive, full-chain service that integrates online and offline auction models. Revenue is generated from vehicle services, which include commissions from accident and used car auctions, and a suite of supporting services like vehicle valuation, transport, and claims processing. Boche utilizes its proprietary E-Pricing and E-Value systems, which leverage extensive, real-time transaction data to provide rapid vehicle assessments, enhancing transparency and efficiency for both sellers and buyers. Beyond vehicle auctions, the platform also hosts a marketplace for auto parts, promoting the circulation of salvaged components.

The company has achieved significant milestones, including winning the 2014 Tsinghua Alumni Entrepreneurship Competition and expanding into used car auctions in 2015. A key strategic move was the acquisition of Fairlubo Auction Company from Uxin in 2020. Boche has attracted substantial investment through multiple funding rounds from notable firms such as TR Capital, Fosun International, and Ping An. In February 2025, its holding company, Boche Holding Limited, filed for an IPO on the Hong Kong Stock Exchange, signaling its next phase of planned expansion.