Yixin is an online automotive transaction platform led by founder and CEO Andy Zhang. The platform facilitates automotive transactions by connecting consumers with automakers, auto dealers, financing and insurance partners, and aftermarket service providers. Yixin is to receive an equity investment of up to RMB4 billion from a group of strategic investors, including Tencent, Bitauto, China Orient AMC International, and SF Express founder Wei Wang. Upon closing, Bitauto will hold over 48% of Yixin’s outstanding share capital. The transactions are expected to close by the end of May 2017, subject to customary closing conditions. Yixin Capital Limited will change its name to Yixin Group Limited following the transaction.

Total raised

$579M

Funding rounds

1

Latest round

Equity

Latest activity

May 2017