Star VC Pumps USD9 Million Into Car Parts E-Commerce Startup AutocloudPro
Tang Shihua
DATE:  Sep 26 2017
/ SOURCE:  Yicai
Star VC Pumps USD9 Million Into Car Parts E-Commerce Startup AutocloudPro Star VC Pumps USD9 Million Into Car Parts E-Commerce Startup AutocloudPro

(Yicai Global) Sept. 26 -- AutocloudPro, an e-commerce platform for selling and distributing car parts, has received an investment of CNY60 million (USD9.0 million) from Star Venture Capital, bringing total investment obtained in the past two months to CNY230 million, online media outlet Jiemian News reported on Sept. 25.

The platform previously received CNY120 million in financing led by the Shoutaijinxin Fund at the end of July, and then CNY50 million in funding through UCF Capital in August.

Star VC is a venture capital firm established by Chinese movie stars Ren Quan, Li Bingbing and Huang Xiaoming. Fellow film celebrities Zhang Ziyi and Huang Bo joined the company as new partners in October 2015.

AutocloudPro, has so far set up 30 auto parts centers and has logistics distribution systems across the country. The firm has also established six large components factories and expects to achieve more than CNY2 billion in revenues in 2018.

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Keywords:   FINANCING,E-COMMERCE,Auto Parts,Movie Stars,Star VC