Strong NEV sales keep Yixin on pace with China’s sluggish auto market
The online car loan facilitator’s business is growing at a similar pace to China’s auto market, which has decelerated after years of strong growth Key Takeaways: Transactions on Yixin’s car…
FAST NEWS: Cango announces new $50 million share repurchase plan
The Latest: Car trading platform operator Cango Inc. (CANG.US) on Tuesday announced a new program to purchase up to $50 million worth of its American depositary shares (ADS) on the…
Yixin steers away from young joint venture to stay focused on China auto market
The online car loan facilitator is pulling out of a 2-year-old tie-up as its state-owned partner seeks to take the venture into new unrelated areas Key Takeaways: Yixin will sell…
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…
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…
Cango zooms in second quarter, but sees bumpy road ahead
The car trading platform operator’s revenue more than doubled in the three months to June, representing its first growth in nearly two years Key Takeaways: Cango reported its first quarter…
Cango drives back to profits as new business model gains traction
The car-trading platform operator logged its first net and operating profits in more than a year in the first quarter, and forecast it will return to year-on-year revenue growth in…
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