Uxin gets new cash injection as its used car superstores gain speed
The company said it closed a deal first announced last September to sell new stock to shared ride operator Dida for $7.5 million Key Takeaways: Uxin has received $7.5 million…
NEWS WRAP: Cango agrees to sell China-based business
The $352 million sale could pave the way for a Singapore-linked entity to take control of Cango as it transitions from car trader to bitcoin miner By Doug Young…
BRIEF: MeiDong Auto plunges into the red on impairment charges
4S auto dealer China MeiDong Auto Holdings Ltd. (1268.HK) warned on Monday it expects to report falling deeply into the red last year with a 2.3 billion yuan ($316 million)…
NEWS WRAP: Leading car exporter Chery files for Hong Kong IPO
The company was the only passenger vehicle maker among the global top 20 to achieve over 30% sales growth for traditional and new energy cars in the nine months to…
BRIEF: Merger rumors swirl around automakers Dongfeng, Changan
Concurrent restructuring plans announced by car-making listed units of Dongfeng Motor Corp. and China South Industries Group have led to speculation that the two large state-owned automakers may be preparing…
BRIEF: Guangzhou Auto’s sales, output plunge in October
Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) said on Thursday it sold 185,800 vehicles in October, down 17.23% year-on-year, with sedan sales plummeting 23.65%. Its production volume for the month…
Cango builds up global capabilities in search of new direction
The car trader’s export-oriented AutoCango.com site is rapidly building up traffic, logging 370,000 page views since its launch in March Key Takeaways: Cango is aggressively building up a customer base…
Recent Articles
BRIEF: Merger rumors swirl around automakers Dongfeng, Changan
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BRIEF: Guangzhou Auto’s sales, output plunge in October
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