Maodou New Car and Guazi Used Car are brother brands, both belong to Cheduo Group. Maodou New Car is the website of Guazi Used Car, which is an online installment car purchase business model.

Till now, Cheduo Group has received a total of 3.8 billion U.S. dollars in development capital, ranking first among domestic auto consumer service platforms, with major investors including Softbank Vision Fund, Sequoia Capital China Fund, Tencent, Matrix Partners, Yunfeng Fund, ICBC International and others.

Chaoduo, as the parent company, wholly owns two independent brands, Guazi Used Cars and Maodou New Cars, and the group will implement the dual-brand operation of Guazi Used Cars and Maodou New Cars, and Maodou New Cars will maintain the same level of resources and brand advertising investment as that of Guazi Used Cars.

Expanded Information:

Maodou New Car Network, as an important part of the automotive industry chain built by the Group, will form a dual-brand, dual-business mutual pull with Guazi Used Cars.

Maodou New Car, as an important part of the Group's automotive industry chain, will form a dual-brand and dual-business synergy with Guazi Used Car.

Guazi Used Car has accumulated a wealth of auto buyers and sellers in the field of automotive trading and strong financial strength, which will be conducive to the establishment of a natural barrier for Maodou New Car. Maodou New Car and Guazi Used Car will play an important role in the whole automobile industry chain together, providing richer car-related products, services and quality user experience in the complete life cycle of users.

More importantly, Cheduo Group will accumulate the complete big data of the automobile industry and push the industry to change.

Source: Phoenix - Guazi Used Car upgraded to Cheduo Group, announced the completion of 180 million U.S. dollars in financing