Participated · Series B · Nov 2017

Shouqi Yueche is a mobile ride-hailing and car-for-hire platform positioned at the mid-to-high-end segment and built around a “high-quality” service proposition. The company emphasizes national-guest-level service standards and a compliant, trustworthy brand image aimed at business travelers. It was launched by Shouqi Group and markets itself as a preferred choice for commercial travel. Recent corporate filings show a material change in its capitalization and shareholder base. The company’s registered capital was increased from about RMB 53.56 million to about RMB 136 million. New shareholders were added as part of that change. Shouqi Limousine & Chauffeur operates an app-driven mobility platform and chauffeur service with over 60,000 cars across 53 cities and districts in China. The company reports more than 20 million total users and over 2.4 million active users. It obtained the first online car‑hailing license in Beijing and has been approved to operate in 38 cities, being the first operator in 24 of them. Shouqi says it is building an integrated getting-around ecosystem that combines taxis, buses, shared bikes and short-rent cars. Management describes plans to integrate capital, smart cars, artificial intelligence and a quality platform to propel an intelligent transportation system. The company has raised billions in the past two years and has begun a C round of financing. WakeData is described in press coverage as a Chinese data service provider. The company was reported to have raised a $10 million Series B on May 11, 2020. The Series B was co-led by Redpoint and Sequoia. The articles provided no product details, operating metrics, or stated future plans. Coverage did not disclose additional financial information or commercialization specifics.