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…
FAST NEWS: Autohome’s profit dips on higher operating expenses
The Latest: Online auto trader Autohome Inc. (ATHM.US; 2518.HK) on Wednesday reported its net profit fell 0.6% to $122 million in the first half of this year. Looking Up: The company’s revenue rose 3.4% to…
Cango reduces risks at home, looks overseas for new opportunities
The car-trading company’s revenue plunged in the first quarter as it put the brakes on its self-operated business and launched a new cross-border platform Key Takeaways: Cango’s revenue has fallen…
FAST NEWS: Autohome’s adjusted profit climbs in first quarter
The Latest: Online auto trader Autohome Inc. (ATHM.US; 2518.HK) on Wednesday reported a 3.3% drop in net profit to $54.6 million in the first quarter of this year, while its non-GAAP adjusted…
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