Automotive


Renrenche records RMB 230 million loss in November

Renrenche records RMB 230 million loss in November

Used auto transaction platform Renrenche (人人车) has disclosed internal data for the month of November that reveal how far it remains from breaking even. The company announced in late 2016 that it expected to achieve profitability across its various businesses in 2017. Total losses for November 2017 were however RMB 230 million ($35.36 million U.S.). 

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


Trade Me autos ruling deferred

Trade Me autos ruling deferred

Trade Me faces a Jan. 12 deadline to comment on its proposed acquisition of MotorCentral in New Zealand. The Commerce Commission has deferred a decision on the acquisition until February.


FindAndFundMyCar wins dealer endorsement

FindAndFundMyCar wins dealer endorsement

Britain's Independent Motor Dealers Association (IMDA) endorsed MotoNovo Finance's aggregator site FindAndFundMyCar.com ahead of its official launch in January 2018. The site will offer U.K. car buyers a robust new search tool.

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


Guazi strikes back at Renrenche with its own lawsuit

Guazi strikes back at Renrenche with its own lawsuit

After a verdict was reached last week in the lawsuit brought by c-to-c, used-auto platform Renrenche (人人车) against its rival Guazi.com (瓜子), Guazi promised to fight the verdict. It now appears that they have gone one step further, as Guazi’s newly-formed parent company CARS (车好多集团) has filed a lawsuit with Beijing Haidian People’s Court, accusing Renrenche of engaging in the very same practices – the use of misleading advertising language – that they had been found guilty of.



Page 1 of 19512345...102030...Last »