Maihaoche

The core of Maihaoche's business is its online platform, which allows smaller, independent auto dealers to source new vehicles from franchised dealerships of major automakers at competitive prices. This addresses a key challenge for smaller dealers who often lack the scale to secure favorable terms directly from manufacturers. The platform facilitates transactions, aiming for a more efficient and transparent vehicle acquisition process for its client base, which consists of over 100,000 dealers across China.

Beyond vehicle sourcing, Maihaoche has built an integrated ecosystem of services. The company provides crucial supply chain financing, helping dealers manage the capital-intensive nature of vehicle inventory. Its offerings include trade financing and inventory financing products. Furthermore, Maihaoche has developed a robust logistics and warehousing network, creating a visible, intelligent logistics platform that manages transportation and storage. This integrated approach, combining an e-commerce marketplace with financial, logistical, and SaaS solutions, establishes its primary revenue streams. The company has successfully raised significant capital over several funding rounds to fuel its expansion and service development, securing approximately $139 million in total funding by April 2020.