Abstract: investors including the famous second-hand car online trading services provider and letter group, the strategic investment will be more closely to Shun Feng Bao cooperation form the industry experience and technology output, and improve its strategic layout.
recently, "total car insurance" auction companies Beijing Fengshun Lu Bao Motor Vehicle Auction Co. Ltd. (hereinafter referred to as: Fengshun Lu Bao) completed a $45 million investment, investors including domestic famous second-hand car online trading service providers excellent letter group, Feng Shang capital, Jun linked capital.
Fengshun Lu Bao was established in 2011, is China attention to the disposal of the accident car auction company, is committed to solve the total loss of the vehicle in danger in the process of providing maximum of the compensation plan. Shun Feng Bao since the transition to Internet technology companies, its business covers most of the provinces and cities and regions, and all major insurance companies for insurance companies to provide a full range of solutions, and build a focus on "total insurance car auction platform B2B.
2015, Fengshun Lobo auction turnover of more than 20000 sets, a collection of automobile, auto parts enterprises and other resources, to the buyer to provide inspection of vehicles, online and offline synchronization auction, rapid settlement, logistics, transfer and other multiple security services, with the good momentum of development has been widespread concern in the industry.
it is understood that China’s total car ownership is expected at the end of 2016, nearly 200 million vehicles; after the car market reached 600 billion yuan, in 2018 the market size is expected to reach trillion yuan, in 2020 more than 4 trillion yuan is expected to form a big industry, after the market average annual growth will exceed 30%.
accident car auction as a major subdivision of the automotive market, the development of space is also very broad. Fengshun Lu Bao "total insurance car", the market also has positioning in the "repair accident car auction company, such as Bo car network, following its in May last year was 100 million yuan A round of financing, again in January this year, a number of well-known institutions of joint investment 200 million yuan B round of financing, thus it can be seen. The accident car auction is now being the capital of concern.
it is worth noting that this transaction includes investing excellent letter group, it’s the excellent letter of second-hand car is a professional electronic auction used car auction services provider, the core business is the second-hand car online auction platform, set auction, vehicle detection, secure payment, logistics and transport and service for the customer service agent one. This strategic investment will be more closely to Shun Feng Bao cooperation form the industry experience and technology output, and improve its strategic layout.