Cox Auto likes new investors in BitAuto

19 Jan 2015

As it turns out, the Cox Automotive stake in BitAuto will be considerably

diluted by the planned $1.55 billion (U.S.) investment in BitAuto (NYSE: BITA) from Chinese e-commerce site JD.com and Naspers-backed Tencent. (See CIR 16.01.) But Cox is perfectly happy about that.

“The transaction was announced but it has not closed yet

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The AIM Group, formally the Advanced Interactive Media Group LLC, is the world’s leading consultancy in interactive media and classified advertising. We publish Classified Intelligence Report, a continuous advisory service known as “the bible of the classified advertising industry.”