Yixin’s growth fizzles, even as strong EV buying provides some lift
The online auto loan facilitator’s total financing grew modestly in the first quarter despite slipping sales in China’s overall passenger vehicle market Key Takeaways: Total auto financing facilitated by Yixin…
2858.HK
Surging EV Sales Rev Up Business at Auto Finance Platform Yixin
The auto loan platform reported that its vehicle financing grew just over 9% in the third quarter despite renewed Covid outbreaks Key Takeaways:Yixin’s financing for sales of electric vehicles surged…
Auto Financer XXF Group Revs Up IPO Engine but Hits Another Speed Bump
The auto finance and leasing company has made another run at an IPO on the Hong Stock Exchange after three earlier bids stalled. But its latest effort has already hit…
FAST NEWS: Yixin Returns to Profits as Loan Intermediary Revenue Surges
The latest: Internet-based auto financier Yixin Group Ltd. (2858.HK) announced Monday that its revenue jumped 73.2% year-on-year to 2.45 billion yuan ($358 million) in the first half of the year,…
Autohome Weathers Covid Storm, Revs Up for Speedier Second Half
The Internet auto-sales platform’s revenue grew 17.7% sequentially in the second quarter, showing resilience in the face of China’s pandemic disruptions Key Takeaways: Autohome’s revenue rose strongly on a sequential…
Investors See Better Road Ahead for Autohome Despite Profits Setback
The leading Chinese online vehicle trading platform posted lower quarterly profits but beat market expectations, giving its share price a boost Key Takeaways: Autohome’s adjusted net income tumbled 40% during the first quarter,…
Yixin Finds New Road to Profits as Auto Loan Agent
The online car financing platform turned profitable last year, underlining the success of its transition from direct lender to loan facilitator Key Takeaways: Yixin posted a $43 million adjusted net…
