STARTUP PROFILE

Ebaoyang

Updated: 08/2016

Ebaoyang

China / Beijing , China

Website

Series C 08/2016

Pitch

Ebaoyang complements its internet-based on-demand automotive maintenance services with brick-and-mortar stores, saving customers time and money, while providing quality genuine parts and services.

Why

Popular 4S stores monopoly

4S (sales, service, showrooms, spare parts) stores are expensive to run and charge high profits.

Unpredictable service

More affordable services at China’s many mom-and-pop auto aftermarket shops are often unreliable.

On-site services limited

On-site services cover only 80% of auto maintenance needs so customers still need physical stores.

Market

RMB 600 billion–800 billion

Current value of China's auto aftermarket sector; seen to grow to RMB 1 trillion by 2020, with internet/O2O-based businesses rapidly gaining market share.