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…
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…
Autohome shifts into higher gear with NEVs and immersive tech
The Chinese car trading giant is expanding its network of high-tech showrooms where customers can check out various models in virtual reality Key Takeaways: Autohome’s profits rose about 4% last…
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…
Tuhu Car IPO gets off to slow start despite star power
The online to offline car servicing company has finally got its share listing on the road at the third attempt Key Takeaways: Tuhu has been backed by five established investors…
CHINA BULLETIN: Beijing Gets Serious on Economic Stimulus
In this week’s issue government stimulus heats up, U.S. Commerce Secretary calls on Beijing, and Huawei rejoins the smartphone race. On a scale of 1 to 100, we give the week a 55 for offshore-listed China stocks.
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…
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