Guazi is a Chinese e-commerce company that provides consumer-to-consumer services via its web portal for buying and selling used cars. As of October 2017, it was among the most popular used car platforms in South East China, including Shenzhen and Guangdong. The company and its website cater only to people who can read and write Chinese.[1]
History
Guazi commenced its operations in 2014 in Beijing as a start up, and went public in 2016.[2]
In June 2017, the company secured $400 million U.S. in a Series B financing round which was led by a $100 million U.S. investment from Sequoia Capital China.
Operations
Guazi provides services for people residing in most tier 1 and 2 Chinese cities including Beijing, Shanghai