Yusheng IPO tests bumpy road for China’s used car market
The company’s Taocheche platform is riding China’s late-blooming used-car boom, but its inventory-heavy model shows the high cost of building trust in the sector Key Takeaways Taocheche has become China’s…
NEWS WRAP: Uxin opens sixth used car superstore in Tianjin
The company plans to open four to six new stores this year, including in Jiangsu and Ningxia, roughly doubling its network in China By Doug Young Used car seller…
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…
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…
Uxin finds new friend on difficult road to profitability
The used car superstore operator will receive $15 million in new funding from shared ride company Dida, equal to more than four times its cash reserves at the end of…
Cango jumps on China car export bandwagon with focus on used vehicles
The car trader’s export-focused Autocango.com site, which launched in March, had more than 20,000 registered users in 207 countries and regions at the end of August Key Takeaways: Cango’s used…
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…
Recent Articles
RELATED ARTICLES
-
XXF trades margins for growth in sputtering Chinese car market
-
Reconditioned ZhengTong drives down new road after massive overhaul
1728.HK
-
Lotus profit metrics improve, but road ahead still looks tough
LOT.US
-
Minieye navigates bumpy financial road littered with losses, stock volatility
2431.HK
- NEWS WRAP: Uxin opens sixth used car superstore in Tianjin
- Its accounting scandal wrapping up, Lufax faces bigger challenge from China’s economy
