#242 – Cheyipai

Founder / s : Yang Xuejian, Wang Tiezhong
Key people: Wang Tiezhong (Co-founder) and Yang Xuejian (Co-Founder / CEO)
Employees: 101 – 250

Cheyipai is the leading domestic second-hand car trading platform in China. The cars on the platform are sold to overall 163 cities Countrywide. There are around 100,000 used car dealers in China and Cheyipai has established cooperation with 6% of the total. Planned to Partner up with 10% of the car dealers in 2014.

Cheyipai has created a normalized used car detection and valuation system, 268V, that charges purchased cargoes fees from sellers, and transaction-based and other commissions from purchase. A percentage of commissions go to its 4S store partners.

Cheyipai.com is one of the largest e-commerce platforms for used cars in China. It’s a leading supplier of standard eva luations of used cars, and also provides trade- in plans for new cars and online trading plans for used cars. Automobile Dealers Association Certification Office to deal used cars, Cheyipai.com offers an open-bidding platform which guarantees the conditions of the cars. On Cheyipai.com, buyers and sellers can get the best prices on used cars nationwide.