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
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…
Auto Financer XXF Group Revs Up IPO Engine but Hits Another Speed Bump
The auto finance and leasing company has made another run at an IPO on the Hong Stock Exchange after three earlier bids stalled. But its latest effort has already hit…
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,…
FAST NEWS: Cango Announces Large Special Dividend
The Latest: Car trading platform operator Cango Inc. (CANG.US) announced a one-time special cash dividend of $1 per American depositary share (ADS) on Tuesday after U.S. stock markets closed. Looking…
Cango Adds Used Cars, New Core App as Business Hits Second-Quarter Speed Bump
Company’s revenue takes major Covid hit as it launches a new Haoche app at the center of its ongoing transformation from car financier to car-trading platform operator Key Takeaways: Cango’s…
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…
