New Carzone is a business-to-business-to-consumer auto aftermarket platform, formed by Alibaba, Carzone and QCCR (“Qiche Chaoren”). Both Carzone and QCCR are leading auto supply chain operators in China. Combined with Alibaba’s existing auto parts business and market resources, New Carzone is well positioned to expand its national network and empower independent auto aftermarket service providers in China.
Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. With more than $65 billion in assets under management, our active portfolio of more than 185 companies is highly diversified by stage, sector and geography. As an experienced partner to outstanding management teams, we help build durable companies with sustainable value. We have raised 19 private equity funds, which have invested more than $77 billion in over 870 companies in more than 40 countries.