Carzone

Jiangsu Kangzhong Automotive Parts Co., Ltd. provides nationwide automotive aftermarket services, integrating supply chains from former Qiche Chaoren and Alibaba Group’s automotive aftermarket business.

Jiangsu New Carzone Auto Parts raises $200 million in Series D funding led by Asia Investment Capital, with participation from Alibaba and Yunlong Capital. The China-based company specializes in automotive aftermarket services, leveraging e-commerce to expand its reach. The round highlights growing investor interest in digital automotive solutions.

Sep 2021Global VenturingNews article

Carzone secures a **$200 million Series D funding round** led by Alibaba. The B2B auto parts supply chain provider operates over **1,300 direct stores** across China, serving as a professional service platform for automotive parts distribution. The investment underscores Carzone’s expansion in China’s auto parts logistics sector.

Sep 2021EqualOceanNews article

DRiV, a Tenneco business specializing in aftermarket and ride performance products, partners with New Carzone, China’s leading aftermarket channel and retail service provider, to expand operations in the Chinese aftermarket. The collaboration aims to strengthen both companies’ market presence and service offerings in the region. The agreement marks a strategic move to deepen their combined reach in automotive aftermarket solutions.

Jun 2019TennecoNews article

Alibaba Group Holding Ltd enters the automotive aftermarket by launching a joint venture named **Jingu**. The venture consolidates Alibaba’s existing supply chain subsidiaries, **Carzone** and **Qccr**, to target China’s emerging car spare parts and supply chain industry. The move aims to position Jingu as a leading player in the sector.

Aug 2018China DailyNews article