A Travel IPO and a Plan to Export Used Chinese Cars
Huoli could become China's first online travel agent to list in quite some time. And auto trader Cango is trying to export used Chinese cars. By Doug Young & Rene…
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…
PODCAST: A New EU Probe, and a Used Car IPO
The EU has launched a new probe after European firms complained of restricted access to China's huge medical equipment procurement market. Is the EU getting more aggressive on China's trade practices? And used car specialist Autostreets applies for a Hong Kong listing, touting a coming boom in Chinese used car sales. Why have Chinese traditionally preferred new cars, and what's changed now, if anything?
Autostreets in the driver’s seat as China gets set for used car trading boom
The country’s leading used car trader has passed its listing hearing in Hong Kong, positioning it to complete its IPO in the coming months Key Takeaways: Autostreets is reportedly aiming…
Autohome looks for new mileage in used cars
The company is preparing to offer used car dealer memberships, and hopes they will ultimately match the current 30% of its revenue that comes from new car dealer memberships Key…
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…
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%…