Recently, the automotive aftermarket service platform Baturu has completed its C+ round of financing, with investors being CICC Zhide under CICC Capital and the Guoshou Taihe Phase I Fund under Shandong Tonghui Capital.

Baturu was founded in 2013 and has now become the domestic auto parts e-commerce platform with the most comprehensive range of sellable product categories. Baturu focuses on three core targets: a massive parts database, an efficient informatization system platform, and a complete supply chain service system. It uses a brand-new e-commerce solution to internet-transform the traditional auto parts industry, fully covering maintenance parts, vulnerable parts, faulty parts, and accident parts.

In 2015, Baturu received 50 million RMB in Series A financing from Qifu Capital. In 2016, it received 100 million RMB in Series B financing from Zhongding Venture Capital and Huachuang Capital. In 2017, it received 100 million USD in Series C financing from Hopu Investment and Zhongding Venture Capital. In 2018, it received strategic investment from Huaxing Capital. This is the fifth consecutive year that Baturu has received capital injection, highlighting once again the value of the service-oriented platform.

CICC Capital Vice President Huang Bo stated: "We are very optimistic about investment opportunities in the industrial internet sector over the next 5-10 years. The automotive aftermarket, as a trillion-yuan market, is a key area of our focus. Under the traditional model, auto parts go from manufacturers to auto repair shops through multiple levels of wholesalers and distributors, resulting in high terminal prices due to layered markups.

At the same time, parts trading is highly labor-dependent, often leading to issues such as incomplete or inaccurate parts, slow delivery, and rampant counterfeit goods. As a leading trading platform in the automotive aftermarket, Baturu has established a full-vehicle parts database covering 2 million SKUs and a self-developed intelligent trading system, efficiently connecting high-quality suppliers with terminal auto repair shops to meet the one-stop parts procurement needs of repair shops. As investors, we are very optimistic about Baturu's business model, the capabilities of its leadership team, and the company's overall development potential in the future."

Shandong Tonghui Capital Executive Director and General Manager Guo Wei also stated: "Guoshou Taihe Phase I Fund has always closely followed the development of supply chain industries in the transportation sector. Baturu has pioneered in the industry by establishing a powerful and efficient supply chain system centered on regional central warehouses, significantly improving supply chain efficiency and service quality, with high stickiness to upstream suppliers and downstream repair shops, forming deep industry barriers and strong core competitiveness. We are optimistic about Baturu's development prospects and seize investment opportunities brought by industry trends. In the future, we will fully leverage the financial licenses and asset management advantages gathered by Tonghui Capital to continuously seek cooperation opportunities in the supply chain field."

Regarding the use of this round of financing and the company's future development strategy, Baturu founder Chairman Zeng Wan Gui provided the following answers:

First, Batur will continue to improve the construction of its warehousing and logistics system. In terms of breadth, Baturu has currently established large warehouses in Guangzhou, Hangzhou, Tianjin, and Wuhan, fully covering South China, East China, North China, and Central China. In the future, Baturu will further expand its warehousing and distribution system to achieve nationwide coverage. In terms of depth, Baturu improve open logistics services, increase service routes, enhance service experience, and continuously explore the construction of a professional, efficient, intelligently optimized multi-level modern warehousing and distribution system through layouts such as secondary warehouses.

Second, in terms of supplier system construction, Baturu will intensify efforts to support and empower high-quality suppliers in the future, enrich SKU supply, help more domestic manufacturers with high-quality and low-price products but lacking brand awareness and channel accumulation to open sales channels, and ultimately provide customers with a one-stop auto parts solution that is diverse, fast, good, cost-effective, and accurate.

Finally, Baturu will further strengthen cooperation with group customers such as insurance companies and 4S stores, continue to deeply penetrate car insurance claims and parts direct supply channels, and explore the establishment of a new model that can be replicated nationwide and mutually beneficial.

Introduction to CICC Capital

CICC Capital is a wholly-owned private equity investment management subsidiary of China International Capital Corporation Limited (abbreviated as "CICC"). As CICC's sole private equity investment fund business platform, it uniformly manages CICC's domestic and international private equity investment fund businesses, undertaking functions including formulating private equity investment business development strategies, promoting business development, resource allocation, risk control, and more. CICC Capital manages assets totaling approximately 300 billion RMB overall, with a professional investment management team of over 200 people. CICC Capital and its sub-platforms such as CICC Qiyuan, CICC Jiacheng, CICC Zhide, overseas mother funds, and CICC Jiazi manage numerous funds and are one of China's leading private equity investment fund management platforms.

Introduction to Tonghui Capital

Shandong Tonghui Capital Management Co., Ltd. is a wholly-owned subsidiary of Qilu Transportation Development Group. In line with the mission and vision of building "a first-class asset management enterprise in China," Tonghui Capital is guided by value investment, aims at the preservation and appreciation of state-owned assets, continuously pioneers and achieves excellent operational performance. Currently, Tonghui Capital has an asset management scale of 20 billion RMB, holds financial licenses such as securities, funds, financing leasing, and commercial factoring, has 20 controlled and shareholding companies under it, and has become a mature capital operation and asset management platform.

Guoshou Taihe Phase I Fund, led by Tonghui Capital, is an equity investment fund focused on large transportation and large health industries, concentrating on areas such as smart transportation, modern logistics, and supply chain finance, with a focus on leading enterprises founded by excellent management teams with huge growth potential in subdivided industries.