Tencent Finance, 5/10/18
Beijing-based Souche Holdings, operator of online C2C used car sales platform Souche.com, is reportedly in the process of raising a USD 800 mln Series F round of funding, according to a source who spoke with online media outlet Tencent Finance. Souche has not yet confirmed this information.
Souche's products include medium- and large-size used vehicle dealership management software Dafeng Che, medium- and small-size dealership app Che Niu, and new vehicle B2B platform Chexing 168. According to data from Souche, the Souche.com platform currently has more than 30,000 used vehicle dealerships, 60,000 new vehicle secondary dealerships, and 5,000 automotive 4S shops.