Cango reduces risks at home, looks overseas for new opportunities
The car-trading company’s revenue plunged in the first quarter as it put the brakes on its self-operated business and launched a new cross-border platform Key Takeaways: Cango’s revenue has fallen…
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…
ATRenew steps on efficiency pedal in drive to sustainable profits
The recycling specialist reported a second consecutive quarter of profitability on an adjusted basis in the fourth quarter, and could turn profitable on that basis for the full year in…
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…
Uxin Opens Upgraded Superstore in Race to Prove New Business Model
The company delivered strong revenue and retail transaction growth in the third quarter despite pandemic disruptions, but cash flow continues to be an issue Key Takeaways: Uxin’s revenue rose 78.9%…
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…
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