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
Cheche Rides Renewed Optimism on Chinese Stocks to U.S. Listing
The Tencent-backed online auto insurance broker is seeking a U.S. listing through a backdoor SPAC merger, just as investors are flocking back to Chinese stocksKey Takeaways:Cheche Technology plans to list…
Cango’s Car-Trading Platform Racks Up Users, But Investors Want Profits
Company’s newly launched U-Car platform becomes one of the final pieces in its new business model providing a wide range of online car-trading servicesKey Takeaways:Cango’s revenue fell sharply in the…
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…
Uxin Revs Up Online Used Car Retailing Model, Buys Time with Financial Maneuvers
Company posted strong revenue and transaction growth in the three months through June for its retail business buying, reconditioning and selling used cars online directly to consumers Key Takeaways: Uxin’s…
Cango Shifts Gears Into Macro Headwinds, With Eye on NEVs and Car Services
Car trading made up two-thirds of company’s revenue in fourth quarter, while its older auto finance business shrank to just a quarter of the total Key Takeaways: Cango reported its…
