Souche.com announces the acquisition of Young Cloud

Souche.com announced the completion of the acquisition of Young Cloud, achieving the full-scenario digitalization capability in the closed-loop automobile circulation field, and the ability to build a full journey digital management system for manufacturers from the manufacturer’s end, store end to user end, and further promote the automotive industry towards digitalization.

Souche.com announced the completion of the acquisition of Young Cloud, achieving the full-scenario digitalization capability in the closed-loop automobile circulation field, and the ability to build a full journey digital management system for manufacturers from the manufacturer’s end, store end to user end, and further promote the automotive industry towards digitalization.

Founded in 2015, Young Cloud is the earliest company in the industry to use cloud computing, big data and mobile Internet technologies to provide automotive manufacturers with integrated solutions for marketing digitalization.

The company received investment from BAIC Capital and Changzhou High-tech Group in 2017, and was also one of the earliest automotive Internet startups to receive capital investment from the automotive industry.

Souche.com is China’s leading Internet platform for the automotive industry. It has digitized more than 60% of the country’s auto retailers. It is also providing new car sales and used car business management systems for Infiniti, Volvo, Geely Automobile and other manufacturers.

The company has raised more than 1.2 billion US dollars in investments from Alibaba Group, Ant Financial, Morningside Venture Capital, CMB International and other institutions.

After the completion of the merger and acquisition, Souche.com will integrate the products, services and capabilities of Young Cloud, accelerate the digitalization of all scenarios in the field of automobile circulation, and enhance channel capabilities from marketing, sales, and service scenarios.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/17/souche-com-announces-the-acquisition-of-young-cloud/.

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