Autohome skids as China’s car market slams on the brakes
The online auto pioneer still makes money by connecting car buyers and sellers, but weak demand, falling ad budgets and new competition are eroding its old advantages Key Takeaways Autohome’s…
EV dealer AoChuang charges up Nasdaq IPO
The company has quadrupled the size of its listing plan to comply with new Nasdaq rules requiring a minimum of $25 million in fundraising Key Takeaways: AoChuang Holdings has sharply…
Reconditioned ZhengTong drives down new road after massive overhaul
Caught up in price wars and a resulting sea of red ink, the former car dealership highflyer is entering a new phase after being taken over by a rival and…
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)…
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