Tuhu Car IPO gets off to slow start despite star power
The online to offline car servicing company has finally got its share listing on the road at the third attempt Key Takeaways: Tuhu has been backed by five established investors…
CHINA BULLETIN: Beijing Gets Serious on Economic Stimulus
In this week’s issue government stimulus heats up, U.S. Commerce Secretary calls on Beijing, and Huawei rejoins the smartphone race. On a scale of 1 to 100, we give the week a 55 for offshore-listed China stocks.
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…
CANG.US
Autohome shifts into brighter lane of shaky China auto market with NEV, used car focus
The online car trader’s profit grew 16% in the second quarter, helped by sales of electric vehicles and used cars, the two most promising segments of China’s car market Key…
ATHM.US
2518.HK
Cango drives back to profits as new business model gains traction
The car-trading platform operator logged its first net and operating profits in more than a year in the first quarter, and forecast it will return to year-on-year revenue growth in…
CANG.US
Yixin’s growth fizzles, even as strong EV buying provides some lift
The online auto loan facilitator’s total financing grew modestly in the first quarter despite slipping sales in China’s overall passenger vehicle market Key Takeaways: Total auto financing facilitated by Yixin…
2858.HK
FAST NEWS: Cango announces new $50 million share buyback
The Latest: Car-trading platform operator Cango Inc. (CANG.US) announced a plan last Friday to buy back up to $50 million worth of its American depositary shares (ADSs). Looking Up: The…
CANG.US
