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 issueKey Takeaways:Uxin’s revenue rose 78.9% in the…
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…
FAST NEWS: Yixin’s Auto Finance Growth Slows Sharply in First Quarter
The latest: Yixin Group Ltd. (2858.HK), an internet-based auto financier, announced its auto financing transactions totaled 151,200 in this year’s first quarter, up 27.06% year-on-year. The figure included financing transactions…
Kaixin’s Electric Vehicle Bet Wins Major Customer as It Shifts Gears to Manufacturing
Shares in operator of used car dealerships surge after it wins a $500 million order for its new electric vehicle-making business Key takeaways: • Kaixin said it won a $500…
Recovery Signals Surface, But in Short Supply, for Cango Stuck in Global Auto Storm
Auto finance and trading specialist expects its revenue to return to growth track in fourth quarter, but remains hobbled by global sector slowdown Key takeaways: Cango reported its revenue fell…
Transforming Uxin Finds Government Support in Anhui
Used car seller unveils plan to build $388 million reconditioning center in eastern province, even as its cash levels remain low Key takeaways: Uxin’s new $388 million investment in Anhui…
Transitioning Auto Specialist Cango Can’t Outrace Macro Challenges
Company blames regulation, auto chip shortage for its stalling revenues, as it continues to ramp up car-trading services Key Points: Cango has improved its overall performance with a timely…
