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…
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…
Cango shifts gears with merger of platforms, focus on inventory risk control
The company said it will combine its new and used car services into a single platform, as a growing number of dealers engage in both businesses Key Takeaways: Cango will…
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