News Focus

Today, chediandian.com, a beneficiary of Meridian Capital, formally announced to have completed Series B financing, which was co-invested by Heyue Capital, Wangxin Fund, and PineCypress Fund. The capital being financed will be used to strengthen development of offline service network, innovation of online products and expansion of offline service ability. Chediandian.com was founded in January 2014, Meridian Capital is the investor at Angel, Pre-A, and Series A financing. Founded in Hangzhou, chediandian.com mainly provides owners with all-round car services covering car wash and beautification, discount car insurance, refueling & top-up, road rescue, rule-breaking inquiry, and repair & maintenance, to become an auto after-sales service enterprise with multiple operation models revolving around services for car owners. According to official data released by chediandian.com, since the platform went online, up till now it has served a total of 12 million car owners, the number of its partner shops reached over 25000, covering 150 cities across the nation, total trading amount topped RMB 1 billion yuan. In Q1 2016 it recorded profit earning, in 2016 the company’s income approached 100 million yuan, which is close to 10 folds of growth compared with the 10 million yuan in 2015.

In the opinion of Meridian Capital, auto after-sales service is a very big market, it is also a very important vertical industry in consumption upgrading field, car owner service field still promises tremendous investment opportunities. Meridian Capital has deployed investment in electric vehicle, car use platform, car merchant, second-hand vehicle, automobile financing and auto media directions, chediandian.com stakes out a major territory in Meridian Capital’s investment portfolio in the automobile field, and helps Meridian Capital to finish a complete package of deployment in automobile field.