DaSouChe (大搜车), also known as Souche, is a China-based internet platform for the automotive industry. Founded in December 2012 by Yao Junhong (a former CAR Inc. founding team member and vice president), the Hangzhou-headquartered company provides advanced operational systems and comprehensive transaction services to car dealerships, covering both used-car and new-car circulation. The company describes itself as a 'dedicated enabler to auto merchants' and has reported a roughly 90% market share in used-car merchant operation systems while serving 36+ automotive manufacturers. DaSouChe achieved unicorn status (PitchBook 2017 Global Newcomer Unicorns; subsequently included in the Hurun Global Unicorn 500 and 2024 Hangzhou Unicorn lists) and raised more than US$1.2 billion from investors including Alibaba Group, Ant Group, Warburg Pincus, Primavera Capital, Morningside / 5Y Capital, Sunshine Insurance Group, CMB International, and CreditEase.
DaSouChe is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2012
Employees
1,001–5,000
Total Funding
$1.21B
6 rounds
Last Private Valuation
$3.5B
Sep 1, 2018
DSC Holdings (DaSouChe) targeted up to $901M valuation in Nasdaq IPO, offering 3M ADS at $16-18; later priced at $17 (~$51M) and fell sharply on debut
Now publicly traded (Nasdaq: DSC); post-IPO price weakness, private-market marks no longer apply
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $1.21B across 6 rounds
Last updated 10-11-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Sep 2018 | Series F | $578M | — | Primavera Capital, 5Y Capital |
| Nov 1, 2017 | Series E Bloomberg | $335M | — | Alibaba Group |
| Apr 2017 | Series D | $180M | — | Warburg Pincus |
Yao Junhong
Founder & CEO
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Uxin
NASDAQ-listed Chinese used-car e-commerce platform offering nationwide cross-regional auctions and retail.
Guazi (Chehaoduo)
Major C2C used-car marketplace in China operated by Chehaoduo Group, backed by Tencent and SoftBank.
Renrenche
Beijing-based C2C used-car trading platform; competed directly with Guazi and Souche before steep contraction.
Cheyipai
B2B online used-car auction platform in China, overlapping with Souche's dealer-facing business.
CAR Inc.
Major Chinese car rental and used-car services group; Yao Junhong was a founding-team VP before launching Souche.
Carsome
Southeast Asia's largest used-car e-commerce platform; regional analogue offering dealer and consumer transaction services.
DaSouChe listed on the Nasdaq Global Market on June 25, 2026 through its Cayman holding company DSC Holdings Ltd., pricing 3,000,000 American depositary shares at $17.00 each for gross proceeds of roughly $51 million - the first US initial public offering by a Chinese company in 2026. The ADSs broke issue on debut and closed the first session at $9.06, down about 47%, then fell a further 20% the next day. That left a market capitalisation near $454 million, against the roughly $3.5 billion the company was valued at after its 2018 Series F; Deutsche Bank, CICC and CR Global Markets ran the offering.
DaSouChe shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
DaSouChe had a valuation of approximately $3.5B at the time of its public offering. Current market capitalization fluctuates with the share price.
DaSouChe raised $1.21B across 6 disclosed funding rounds prior to its public listing.
DaSouChe was founded by Yao Junhong in 2012.
DaSouChe is headquartered in Hangzhou, Zhejiang, China.
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