BRIEF: Chery launches blockbuster IPO likely to become this year’s largest new car listing
Car maker Chery Automobile Co. Ltd. on Wednesday launched its Hong Kong IPO, aiming to raise more than $1 billion in what’s likely to become the largest listing by a…
Autohome deflated by plunging ad sales, car price wars
The car-trading services provider reported a fourth consecutive quarter of revenue decline in the second quarter, as its gross margin plunged more than 10 percentage points Key Takeaways: Autohome’s revenue…
Cango’s ownership, board take shape as bitcoin mining transformation nears completion
The company will be controlled by two asset managers tied to Singapore’s Antalpha Ventures, while Cango’s co-founders’ voting rights will drop to 12.07% Key Takeaways: Enduring Wealth, a company tied…
Cango takes ‘Mine and Hold’ strategy in its young bitcoin business
The auto trader-turned-bitcoin miner has minted 2,944.8 bitcoins since entering the business last November, but has yet to sell any of those despite recent market volatility Key Takeaways: Cango owned…
Uxin gets new cash injection as its used car superstores gain speed
The company said it closed a deal first announced last September to sell new stock to shared ride operator Dida for $7.5 million Key Takeaways: Uxin has received $7.5 million…
BRIEF: BMW partner Brilliance Auto’s profit tumbles 60%
Automaker Brilliance China Automotive Holdings Ltd. (1114.HK) said on Sunday its profit last year fell 60%, mainly due to weak performance of its joint venture with German auto giant BMW…
BRIEF: Merger rumors swirl around automakers Dongfeng, Changan
Concurrent restructuring plans announced by car-making listed units of Dongfeng Motor Corp. and China South Industries Group have led to speculation that the two large state-owned automakers may be preparing…
Recent Articles
Autohome deflated by plunging ad sales, car price wars
2518.HK
ATHM.US
BRIEF: Merger rumors swirl around automakers Dongfeng, Changan
0489.HK
000625.SHE
RELATED ARTICLES
-
BRIEF: CATL targets $4 billion in Hong Kong IPO, poised to become year’s top listing
300750.SHE -
Can Proya export its story to become a global makeup artist?
603605.SHG
-
Nio’s road to profitability obscured in haze of losses
9866.HK NIO.US
- Sinking SICC looks for lift from Hong Kong IPO
-
Zeekr privatization hits a speed bump
ZK.US
-
Unisound launches modest IPO into crowded Hong Kong market
9678.HK
- Sinotau aims to become Hong Kong’s ‘first nuclear-medicine stock’
