AutoHome (NYSE: ATHM), the leading site for auto transactions and information in China, recorded more than $2.3 billion RMB ($336 million U.S.) in revenue in Q2 2019, beating the high end of the company’s estimates.

The site’s total number of average daily active users who accessed the company’s mobile websites, apps and mini-programs reached 37.8 million in June — representing a 48% year-over-year increase.

The company launched QiChe DianPing (AKA, “Car Review”): an app offshoot of the QiChe DianPing channel on the company’s auto brand information and content site CheJiaHao, in November. In June, it launched the HeyCar (嘿car) app — a mobile social network along the lines of Snap or Twitter, targeting under-25s.

In July, the company disclosed that DAUs of its intelligent search engine Carso have surpassed 4.5 million. DAUs of HeyCar are now more than 2.5 million.

AutoHome’s auto financing and data services business — the core of the “4+1” strategy instigated by majority owner Ping An Group — continues to drive this growth. Revenues from these two services increased by 97.2% year-over-year, after increasing by 152% in Q1.

Chinese Insurance giant Ping An Group acquired a 53% stake in AutoHome in 2017. Since then it’s been shifting its business away from transactions and into asset-light arenas like shareable content, financing, and insurance.

Revenue from the company’s leads generation services increased by 20.1% to 888 million RMB. AutoHome has faced controversy around its dealer membership prices. In January, three 4S dealership companies — Zhongsheng Group (HKG: 0881), Yuntong Auto, and Pangda Auto — instituted a collective boycott over a membership price hike. AutoHome has denied the existence of any boycott.

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