Access Technology Ventures led a $60m series D funding round in Haoqipei.

Access Technology Ventures, a venture capital firm, led a $60m series D funding round in Haoqipei, a Chinese B2B platform for auto repair shops and auto parts suppliers, with participation from XVC Venture Capital, Jeneration Capital and DCM. "The auto industry in China is set to become the largest in the world, with nearly 250 million cars. As the average life of cars on the road continues to increase, the $180 billion-plus automotive aftermarket will continue its strong growth. Haoqipei is transforming the process of purchasing auto parts by decreasing costs, improving quality and increasing speed and transparency. The value proposition to both buyers and sellers on our online platform is very strong," Chen "Alex" Xi, Haoqipei Founder and CEO.