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BitAuto posts massive losses in 2019

The same day BitAuto announced it would go private in a $1.1 billion deal, the Chinese auto vertical also posted losses of RMB1.28 billion ($180.6 million U.S.) in the first quarter of 2020. This content is part of our business intelligence service. Please click the...

Fang prepares to spin off internet business

Fang, the Chinese-based real estate portal, is preparing to spin off its internet businesses. The NYSE-listed company recently announced a reconfiguration of its share ratios, a sign that the company is planning to divest from its remaining internet operations. This...