BitAuto revenue up as ads grow

11 Aug 2014

BitAuto Holdings Ltd, a leading provider of Internet content and marketing services for China’s fast-growing automotive industry, benefited from increased advertising spending by its automaker customers during the second quarter of 2014.

This drove up its results, announced on Aug. 11, beyond analysts’ expectations.

The company reported revenue of RMB522.3 million (US$84.2 million) for the s

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Don Gasper