Facing winter at home, Cango looks overseas
The auto-trading platform operator unveiled a new service for overseas dealers aiming to import used Chinese cars Key Takeaways: Cango has launched a new app, AutoCango, to facilitate the export…
Autohome shifts into higher gear with NEVs and immersive tech
The Chinese car trading giant is expanding its network of high-tech showrooms where customers can check out various models in virtual reality Key Takeaways: Autohome’s profits rose about 4% last…
CHINA BULLETIN: China-India Tensions Flare with New Arrests
In this week’s issue new China-India tensions, BYD overtakes Tesla, and Boeing emerges from the China doghouse. On a scale of 1 to 100, we give the week a 55…
Autohome looks for new mileage in used cars
The company is preparing to offer used car dealer memberships, and hopes they will ultimately match the current 30% of its revenue that comes from new car dealer memberships Key…
Cango shifts gears with merger of platforms, focus on inventory risk control
The company said it will combine its new and used car services into a single platform, as a growing number of dealers engage in both businesses Key Takeaways: Cango will…
Autohome’s posts fifth quarterly profit rise, driven by interest income
The car services provider’s profit continued to improve in the third quarter, as strong gains in its online marketplace were offset by weakness in its other two main divisions Key…
Cango zooms in second quarter, but sees bumpy road ahead
The car trading platform operator’s revenue more than doubled in the three months to June, representing its first growth in nearly two years Key Takeaways: Cango reported its first quarter…
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