Cango’s ownership, board take shape as bitcoin mining transformation nears completion
The company will be controlled by two asset managers tied to Singapore’s Antalpha Ventures, while Cango’s co-founders’ voting rights will drop to 12.07% Key Takeaways: Enduring Wealth, a company tied…
Cango’s crypto makeover advances with sale of its China business
The move could pave the way for the former car trader to relocate its headquarters outside the Chinese Mainland, with Singapore, Hong Kong and the U.S. as possible destinations Key…
BRIEF: Autohome slashes headcount as revenue sags
Car-trading services provider Autohome Inc. (ATHM.US; 2518.HK) on Thursday reported its revenue slumped 10% in the first quarter, as the company cut about a fifth of its workforce over the…
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…
NEWS WRAP: Cango agrees to sell China-based business
The $352 million sale could pave the way for a Singapore-linked entity to take control of Cango as it transitions from car trader to bitcoin miner By Doug Young…
BRIEF: MeiDong Auto plunges into the red on impairment charges
4S auto dealer China MeiDong Auto Holdings Ltd. (1268.HK) warned on Monday it expects to report falling deeply into the red last year with a 2.3 billion yuan ($316 million)…
NEWS WRAP: Leading car exporter Chery files for Hong Kong IPO
The company was the only passenger vehicle maker among the global top 20 to achieve over 30% sales growth for traditional and new energy cars in the nine months to…
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