JD.com flees China’s brutal retail wars for Europe, as Beijing fails to tame price-cutting at home
JD.com has purchased brick-and-mortar retail chains in Germany and Hong Kong. Why is the company taking this route instead of sticking to e-commerce? And car trader Autohome has reported a fourth consecutive quarter of revenue contraction, as its ad revenue plunged. When will price wars hobbling China's oversaturated car market finally end?
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…
BRIEF: Autohome slashes headcount as revenue sags
Car-trading services provider Autohome Inc. (ATHM.US; 2518.HK) on Thursday reported its revenue slumped 10% in the first quarter, as the company cut about a fifth of its workforce over the…
BRIEF: Autohome’s revenue, profit fall on sputtering China car market
Online car trader Autohome Inc. (ATHM.US; 2518.HK) on Wednesday reported its revenue dropped 6.9% to 1.77 billion yuan ($247 million) in the third quarter, while its net profit fell 24.5% to 426 million yuan.…
Cango builds up global capabilities in search of new direction
The car trader’s export-oriented AutoCango.com site is rapidly building up traffic, logging 370,000 page views since its launch in March Key Takeaways: Cango is aggressively building up a customer base…
FAST NEWS: Autohome rolls out $200 million share buyback
The Latest: Online auto trader Autohome Inc. (ATHM.US; 2518.HK) on Wednesday announced a new plan to buy back up to $200 million worth of its shares over the next 12 months, including both its…
Cango jumps on China car export bandwagon with focus on used vehicles
The car trader’s export-focused Autocango.com site, which launched in March, had more than 20,000 registered users in 207 countries and regions at the end of August Key Takeaways: Cango’s used…
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