Automotive


A+ round for Onmmc.com

A+ round for Onmmc.com

The company operates on what it calls a "source-to-business-to-consumer" (s-to-b-to-c) model. In 2017, Onmmc.com CEO Jiang Jitao 江奇涛 explained the concept in an interview with 36kr.com: "In the process of buying and selling used autos, our primary profit point is service fees. For dealers we provide a source of stock, and we offer services that help them to identify and receive the stock that they need... [for consumers] the other aspect of our business is financing services... distribution and financing [are our two major services]."

This article is only available to AIM Group clients.
Please subscribe now or to view.


Cheduoduo completes series A round

Cheduoduo completes series A round

Cheduoduo currently has operations in more than 100 cities, and claims to have more one million users across its two major platforms - used auto transaction site Kanche.com (看车网) and new autos platform Shuaiche.com (帅车, AKA, SureAuto). In this arrangement, Cheduoduo appears to be emulating not only the name but also the business model, of market-leader Chehaoduo (车好多), which operates c-to-c used autos platform Guazi (瓜子) and new autos site Maodou (毛豆新车网). 

This article is only available to AIM Group clients.
Please subscribe now or to view.


Bitauto shares recover with strong Q1

Bitauto shares recover with strong Q1

Total revenue grew by 52.3 percent year-over-year to 2.17 billion RMB, driven by a more than 100 percent year-over-year increase in transaction revenue, reaching 1.17 billion RMB. Gross profit in the first quarter of 2018 was 1.35 billion RMB ($215.2 million U.S.), a 34.3 percent increase from the corresponding period in 2017.

This article is only available to AIM Group clients.
Please subscribe now or to view.


Cazarr pioneers pay-per-day auto ads

Cazarr pioneers pay-per-day auto ads

British auto site Cazarr.com has launched, offering dealers an advertising portal where they can list a vehicle for 24 pence ($0.32 U.S.) a day. Listings are free for private sellers, and for professionally sold vehicles priced under £1,500 ($2,000 U.S.).

This article is only available to AIM Group clients.
Please subscribe now or to view.


Otomoto to export listings to OLX.ua

Otomoto to export listings to OLX.ua

Naspers’ Otomoto.pl, the largest auto site in Poland, will allow business users to export their listings to OLX.ua. The move is due to Otomoto's popularity in Ukraine, where 1.35% of the site's visitors are based.

This article is only available to AIM Group clients.
Please subscribe now or to view.



Page 1 of 20312345...102030...Last »