DSC Holdings Ltd.

Based in Hangzhou, China and founded in 2012, DSC Holdings Ltd. provides digitalization, AI application infrastructure and integrated transaction services to used car commerce industry in China. The company's history dates back to November 2012 with the establishment of Beijing Souche Network Technology Co. , Ltd.

(currently known as Beijing Zhuoche Network Technology Co. , Ltd. ). In January 2013, Souche Holdings Ltd.

was incorporated in the Cayman Islands as an exempted entity and subsequently became the holding company of Beijing Zhuoche Network Technology Co. , Ltd. and other business including vehicle inspection, certification and delivery services as well as vehicle sales and leasing business. In July 2021, DSC Holdings Ltd.

, another Cayman Islands exempted entity was incorporated, and, together with Souche Holdings Ltd. , underwent a restructuring process following which the vehicle sales and leasing business remains to be owned and operated by Souche Holdings Ltd. , while other business operations are conducted by DSC Holdings Ltd. via its subsidiaries and variable interest entities (VIE).

In June 2026, In June 2026, DSC Holdings Ltd. raised USD 51 million in an IPO, selling 3 million ADS (American Depositary Shares), representing 60 million Class A ordinary shares, at USD 17 apiece on the NASDAQ under the ticker "DSC". DSC Holdings Ltd. , under brands such as "Souche", "Dasouche" and "DaFengChe", provides digitalization solutions and transaction services to used car dealers and brokers in China.

In terms of digitalization solutions, the company offers mobile-based software tools and systems for used car dealers, including its flagship platform "DaFengChe" which is embedded with AI applications, specialized in digitalizing used car dealers’ day-to-day operations encompassing inventory sourcing and management, marketing, sales, business analysis and internal administration. As for transaction services, the company, through its digitalization platforms, provides B2B transaction facilitation, used car inspection and certification, financial product referral services, delivery services, marketing and others to car dealers. DSC Holdings Ltd. generates revenue primarily from the subscription fees received from used car dealers and new car brokers for the digitalization solutions delivered through its digitalization platforms, fees received for the customer engagement solutions from OEMs (Original Equipment Manufacturers), and from its offered transaction services.