Carzone
Founded Year
2013Stage
Series D - III | AliveTotal Raised
$946.49MLast Raised
$200M | 4 yrs agoAbout Carzone
Carzone operates as an automotive parts and accessories supplier and service provider. It sells automotive aftermarket spare parts, including brake components, filters, ignition systems, and wipers, for automobile repair and maintenance stores. It was formerly known as Jiangsu Kangzhong. It was founded in 2013 and is based in Nanjing, China.
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Expert Collections containing Carzone
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Carzone is included in 2 Expert Collections, including E-Commerce.
E-Commerce
11,341 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,276 items
Latest Carzone News
Aug 23, 2018
Sina Tech, 8/23/18 Alibaba Group's (NYSE: BABA) B2C e-commerce site Tmall recently announced that its automotive division will form an aftermarket joint venture with Zhejiang-based wheel and tire manufacturer Jingu's (002488.SZ) subsidiary car care platform Qiche Chaoren ("Car Superman") and Jiangsu-based Kangzhong Industry Investment's auto parts B2B e-commerce platform Carzone. The new company will get a cash injection from Alibaba Group and merge Car Superman's supply chain company with Carzone. However, the new company will be operated independently from Tmall and sister site Taobao's after-market services (excluding car parts). Car Superman will be the second-largest stake holder after Alibaba. Carzone founder and president Shang Baoguo will serve as the first CEO and Tmall's head of automotive Cai Yongzhi will be COO. The new company will also take investments from Warburg Pincus, Yunfeng Capital, and Pacific Alliance Group. Once the new company is established, its supply chain system will cover more than 80,000 stores across the country and include various parts and accessories, including engine oil, tires, batteries, and quick-wear parts. Core accessories will be equipped with a bar code, which users can scan with the Tmall or Taobao app to check sourcing and verify authenticity. The new company will have central and regional warehouses in nearly 30 provinces and close to 600 storefront forward warehouses providing "5 km, 30-minute" delivery to over 70,000 auto repair shops.
Carzone Frequently Asked Questions (FAQ)
When was Carzone founded?
Carzone was founded in 2013.
Where is Carzone's headquarters?
Carzone's headquarters is located at No. 8 Jialingjiang East Street, Jianye District, Nanjing.
What is Carzone's latest funding round?
Carzone's latest funding round is Series D - III.
How much did Carzone raise?
Carzone raised a total of $946.49M.
Who are the investors of Carzone?
Investors of Carzone include Buhuo Venture Capital, Alibaba, Yunlong Capital, Asia Investment Capital, PAG and 10 more.
Who are Carzone's competitors?
Competitors of Carzone include Casstime and 5 more.
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Compare Carzone to Competitors
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