Tiejia Information

Tiejia was founded in 2009 by founder and CEO Fan Jianshe, who created Tiejia.com and the Tiejia Forum. Since its establishment, Tiejia has been committed to the mission of "serving users with dedication and promoting industry progress," striving to drive the development of China's construction machinery industry through internet-based approaches.
Currently, Tiejia has grown into a comprehensive internet platform that provides industry information, online communication, second-hand equipment trading, financial products, and other services to users in the construction machinery industry. Its subsidiaries include Tiejia.com, a leading portal for the construction machinery industry; Tiejia Used Equipment, a trading and service platform for second-hand construction machinery; and Tiejia Finance, a financial service platform for second-hand construction machinery transactions.
Since 2013, Tiejia has received three rounds of investment totaling over 300 million RMB from investment institutions such as Qiming Venture Partners, DCM, and Yunsheng Capital. In December 2017, Tiejia completed a Series C+ financing round of over 50 million USD. This round was led by Evolution Capital, with participation from CICC, Far East Horizon, and its subsidiary Construction Group, while existing investors DCM, Yunsheng Capital, and Qiming Venture Partners all followed. At the same time, Tiejia officially signed a strategic cooperation agreement with Far East Horizon and Evolution Capital, aiming to conduct in-depth exploration and cooperation in areas such as second-hand equipment trading and services, finance, and industry big data, jointly building the most complete and powerful industrial ecosystem in the construction machinery sector.
In October 2017, Tiejia was listed on the 2017 China B2B E-commerce Top 100 ranking for the second consecutive year. Due to outstanding overall performance, Tiejia was recognized as a "Gazelle Enterprise" by relevant institutions in October 2017. In December 2017, Tiejia received the "2017 China's Most Investment-Worthy Enterprise" award from iyiou.com.
The company currently has nearly 900 employees, with a core management team coming from renowned companies such as Caterpillar, Alibaba, Baidu, Tencent, Autohome, Procter & Gamble, Volvo Construction Equipment, Bank of China, SouFun, and Qihoo 360.
In 2017, Tiejia successively launched multiple new and upgraded services and products. At the beginning of 2017, Tiejia formally proposed a category expansion plan, no longer limiting itself to excavator trading, but venturing into new categories such as second-hand concrete pump trucks. In May, Tiejia Finance upgraded its business by introducing a transactional financing product called "Equipment Loan," allowing users who purchase equipment on the Tiejia Used Equipment platform to enjoy installment payment services for second-hand equipment. In July, Tiejia Used Equipment launched a "Transaction Safety Guarantee Plan," ensuring the safety of equipment sold through the platform. In case of transaction disputes or equipment retention due to unclear ownership, Tiejia Used Equipment promises to compensate buyers first to protect user rights. In September, Tiejia Used Equipment officially launched "Tiejia Bao," a value-added transaction guarantee service aimed at addressing the prominent problem of "goods not matching descriptions" in second-hand construction machinery transactions, especially with commitments to authenticity regarding "manufacturing year" and "equipment model," targeting the critical pain points of altered years and counterfeit models in second-hand construction machinery trading.
As of September 2017, Tiejia had over 600,000 registered users (including Tiejia Forum and Tiejia Used Equipment), had established offline trading teams in nearly 30 provinces across the country, and had nearly 600 city managers providing offline transaction services to users nationwide. On average, three users inquire about equipment information on the Tiejia Used Equipment platform via the 400 hotline every minute, with monthly average transaction volume exceeding 300 million RMB.
The construction machinery industry served by Tiejia is far from public view but holds enormous market potential. China's construction machinery market accounts for one-third of the global market share, with annual new equipment transactions and second-hand equipment transactions amounting to hundreds of billions of RMB, and the aftermarket for maintenance and repair, spare parts, rentals, and construction machinery finance also reaching billions in scale. China boasts a world-renowned stock of construction machinery and a mature internet development environment, while Tiejia possesses extensive user data from the industry and innovative ideas for industry layout, coupled with the spirit of exploration and perseverance of the Tiejia team, which will surely drive steady business growth.
Tiejia's business lines:
Tiejia Forum 【*】
Tiejia.com【www. *】—— a leading construction machinery portal
Tiejia Used Equipment【】—— a second-hand construction machinery trading platform with leading transaction volume
Tiejia Finance—— a leading financial service platform for second-hand construction machinery transactions