Tech Company Financing Transactions
Dongchedi Funding Round
Gaorong Capital, General Atlantic and HongShan participated in a $600 million venture round for Dongchedi. The financing was announced on 9/6/2024.
Transaction Overview
Company Name
Announced On
9/6/2024
Transaction Type
Venture Equity
Amount
$600,000,000
Round
Undisclosed
Proceeds Purpose
ByteDance Ltd. is raising as much as $600 million for its car information and trading platform Dongchedi, according to people familiar with the situation.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
23-6, No. 2, Qingyun Road Jiangbei District
Chongqing, 400025
CN
Chongqing, 400025
CN
Phone
Undisclosed
Website
Email Address
Overview
Operator of an automotive information platform intended to help people understand their cars. The company's platform intelligently analyzes users' interests and hobbies and automatically recommends content, information, and vehicle quotations related to new cars and used cars, providing users with knowledge and car industry information.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Xin Li
Browse more venture capital transactions:
Prev: 9/6/2024: 24M Technologies venture capital transaction
Next: 9/6/2024: 6K venture capital transaction
Share this article
About Database of VC Transactions
We do our best to record every notable VC transaction. VC transactions reported here are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs