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Cheyipai
A SaaS-based used car trading service platform with the mission of promoting the digitalization of the used car supply chain
About Cheyipai
A B2B used car trading platform that has expanded to include C2B and B2C services. The company operates on an online-to-offline (O2O) e-commerce model, providing a comprehensive suite of services for used car transactions. These services include online auctions, on-site vehicle inspections, and a proprietary pricing model, aiming to digitize the entire used car supply chain.
Cheyipai facilitates transactions between car owners, dealers, and buyers through its platform. The company has established a significant presence in numerous cities and has partnered with thousands of used car dealers. Despite its expansion and partnerships, the sustainability of its business model has been a challenge, with reported low profitability. The company has attracted substantial investment from venture capital firms, including a significant funding round from Sequoia Capital.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2009
- Headquarters
- Dongcheng District, China
- Employees
- 212
- Open positions
- None listed
- Dealroom signal
- 59.4/100
- Industry
- Transportation
- Sub-industry
- Search, Buy & Rent
- Sector
- Transportation, Automotive, Online Auctions, Classifieds, Waste Reduction, Car, Second Hand, Circular Economy, Hard Tech, Trading
- Technology
- Hardware
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Apr 2018 | $0 | — | Souche | — |
| LATE VCOther financing | Sep 2016 | $45M | $180M | Undisclosed | — |
Growth signals
Latest recorded traffic for Cheyipai is 1.5K monthly website visits, up 25% over the last three months. Cheyipai's team grew 0% over the past year.
Similar companies
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| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
 VolantyOnline marketplace to sell or buy second-hand cars |
São Paulo, Brazil | Acquired | — | $23M | $70M |
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Amsterdam, Netherlands | Acquired | |||
 Cars45Sell your used car and get paid instantly |
Lagos, Nigeria | Acquired | |||
 Scrap Car NetworkScrap My Car, Instant Scrap Car Quote - Scrap Car Network |
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 carsale24Provides professional dealers with private second-hand cars and takes care of the entire sales process |
Solingen, Germany | Acquired | |||
 MotoretoSaaS platform digitizing the used car market |
Getafe, Spain | Operational |
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later5 investors entered at this stage
CITIC Capital
Matrix Partners China
Sequoia
Morningside
Renren
Other known investors1 additional known investor
Souche
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Cheyipai on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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