After rolling out its new business model, Cango shifts into new phase
The company launched its U-Car used car trading app at the start of this year, representing the last major piece in its transformation from auto financier to car trader Key…
CANG.US
Uxin Opens Upgraded Superstore in Race to Prove New Business Model
The company delivered strong revenue and retail transaction growth in the third quarter despite pandemic disruptions, but cash flow continues to be an issueKey Takeaways:Uxin’s revenue rose 78.9% in the…
Surging EV Sales Rev Up Business at Auto Finance Platform Yixin
The auto loan platform reported that its vehicle financing grew just over 9% in the third quarter despite renewed Covid outbreaks Key Takeaways:Yixin’s financing for sales of electric vehicles surged…
Autohome Rides Government-Fueled Boom in Car Sales That May Prove Temporary
The internet auto trader benefitted nicely from a recovery in car sales in the third quarter, powered by various government incentivesKey Takeaways:Autohome’s revenue increased 4.5% year-on-year in the third quarter,…
Autohome Weathers Covid Storm, Revs Up for Speedier Second Half
The Internet auto-sales platform’s revenue grew 17.7% sequentially in the second quarter, showing resilience in the face of China’s pandemic disruptions Key Takeaways: Autohome’s revenue rose strongly on a sequential…
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…
Investors See Better Road Ahead for Autohome Despite Profits Setback
The leading Chinese online vehicle trading platform posted lower quarterly profits but beat market expectations, giving its share price a boost Key Takeaways: Autohome’s adjusted net income tumbled 40% during the first quarter,…
