Renrenche was established in April 2014 and entered the used car market in the C2C model. It first launched the second-hand car Yanxuan Mall. It has now developed into a comprehensive integration of used car transactions, financial services, Didi capacity ecology, after-sales service, etc. The car trading service platform is committed to creating transparent, efficient and worry-free car trading and service experience for users, and has developed into a leading second-hand car e-commerce platform in China.

In terms of used car transactions, Renrenche provides car owners with on-site valuation testing, sales, replacement and other services. In order to strictly control the quality of the car sales, Renrenche has built a team of professional appraisers, established 249 testing standards and dual testing mechanisms, and reached cooperation with the China Automobile Dealers Association. At the same time, Renrenche provides a series of after-sales guarantees such as 14-day return vehicle, one-year/20,000 kilometers of core components, and 2000 million yuan guarantee, leading industry changes. At present, Renrenche has more than 10,000 vehicles on average per day.

In order to fulfill the corporate mission of "making people feel at ease to buy, sell and use cars" and allow users to obtain better and more complete second-hand car transaction services, Renrenche launched the second-hand car selection mall. As a second-hand car e-commerce brand, Yanxuan Mall adopts an expert product selection model, selects high-quality car sources from a large number of good cars, displays and sells them online and offline, and creates a closed loop of used car transactions that integrates online and offline, providing users with a complete range of used car transactions. The new retail experience of used cars with "buy a good car with your eyes closed". Buyers can select high-quality car sources at one time, and sellers whose vehicles meet the standards can also obtain prepaid car models in advance, greatly improving the efficiency and experience of used car transactions between buyers and sellers.

In April 2018, Renrenche received a new round of financing of US$300 million led by Goldman Sachs Group and followed by Tencent, Didi and others. Previously, Renrenche received a strategic investment of US$200 million in Didi, and then carried out in-depth cooperation in ecological co-construction, technology, operations, etc.; in March this year, the two sides officially reached a comprehensive strategic cooperation to jointly create a "transaction + travel" Closed-loop ecology.

As second-hand car e-commerce enters the 2.0 era marked by ecological layout and driven by technological innovation, Renrenche has created advanced industries such as intelligent pricing systems and intelligent product selection models by focusing on technological innovation, big data applications and product research and development. Applications and services. In the future, Renrenche will continue to focus on innovative technologies such as artificial intelligence and big data, further promote the intelligent development of the automobile circulation industry, and build a comprehensive automobile trading service platform driven by automobile trading as the core, technology and data.