Haoqipei: Connecting China's vast B2B auto parts market

China

4 min read

Nov 11, 2019

By Li Yuan

Image: Shutterstock

Haoqipei not only connects buyers and sellers with a B2B trading platform, it also uses big data to build trust and relationships in a highly fragmented market

For a market that did not exist in China before the 1980s, until China began liberalizing its auto industry, the auto parts segment has grown to become an economic force. On Guangyuan Road alone in the southern Chinese city of Guangzhou, more than a dozen auto parts epicenters attract customers from around the world, examining and buying auto parts.
Country-wide, there are about 400,000 auto parts shops selling to some 500,000 auto repair shops, both offline and via the WeChat app. The auto aftermarket is expected to grow steadily in the coming years, exceeding RMB 500b...

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Edited by S. Mani , Vincent J Morkri

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