KING DA CHENG
A platform that connects auto parts suppliers with one-stop car maintenance stores ran by local partners. A typical car maintenance store offers services ranging from pre-drive inspection to refinishing.
King Da Cheng is a professional car service provider founded in 2013 in Beijing.
Since then it has partnered with international brands including Shell, Castrol, and Hella. It has developed an array of automobile parts and maintenance products and connected with over 3,000 car maintenance stores across China to provide services such as car wash, tire changing, polishing, among others. Its latest partnership with e-commerce giant JD further integrates its online and offline presence. Customers can purchase products online and visit the maintenance stores via appointments. King Da Cheng has built a network of 5,926 locations across China and boasts a compound annual growth rate exceeding 50%.
Three months into its partnership with ToJoy, King Da Cheng has signed on with 15 partners and received $530,000 USD. As of March 2019, the company was valued at $5.06 million USD.
$0.5 → $5.06