Weak China car market puts brakes on Cheche’s growth
The Tencent-backed auto insurance platform’s revenue was flat in the first quarter, underscoring challenges for companies across China’s auto ecosystem Key Takeaways: Cheche’s net revenue rose 1% year-on-year in the…
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: Yixin surges on strong profit, revenue gains
The Latest: Auto financier Yixin Group Ltd. (02858.HK) said on Thursday its revenue rose 29% last year to 6.69 billion yuan ($930 million), while its net profit jumped 50% to 555 million yuan. Looking Up: 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…
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…
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…
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