FAST NEWS: Auto financer XXF jumps in trading debut
The latest: Shares of auto finance and leasing company XXF Group Holdings Ltd. (2473.HK) opened at HK$2.18 in their Thursday trading debut, nearly double their IPO price of HK$1.10. Looking up:…
Macro Headwinds Accelerate Cango’s Drive to Car Trading from Auto Finance
Company’s revenue fell 30% in the first quarter and it forecast an even bigger decline in the current quarter as it took a major hit from China’s strict Covid control…
Yixin Finds New Road to Profits as Auto Loan Agent
The online car financing platform turned profitable last year, underlining the success of its transition from direct lender to loan facilitator Key Takeaways: Yixin posted a $43 million adjusted net…