Despite being on the wrong side of some negative press over the past few weeks, Chinese used auto transaction and financing provider Uxin (NASDAQ: UXIN) had a positive close to 2018 in December --- the first month of the platform's partnership with e-commerce giant Taobao.
British auto auction firm Aston Barclay has launched a bundle of online sales tools called the Cascade Suite. Despite the hotel-sounding moniker, it's a range of valuation, management and marketing products for car dealers and leasing vendors.
Reports are indicating that Nanjing-based c-to-b used car auction platform Chezhibao.com has raised 200 million RMB ($30 million U.S.) in debt financing.
Didi Chuxing-backed used auto transaction platform RenRenChe has signed a cooperative partnership with a trio of outside entities to provide support for its newly-launched offline direct sales brand: RenRenChe YanXuan ShangCheng.
The new unit is part of the company’s six-month-old Mobility Group and is intended to help Cox service fleets, from a single Uber driver’s vehicle to a large government agency.
Cars45, a Nigeria-based auto and auction site, is working with the Nigeria Automobile Technicians Association to arrange inspections of used cars for Cars45 users.
Larixon Classifieds has acquired Jamaica's largest automotive website JaCars.net. The price of the deal is not being disclosed, a Larixon executive told the AIM Group.
Japanese auto simple notification service (SNS) MinKara has opened a pre-registration site for its new flea market app Pitte. The platform will be dedicated to trading auto spare parts and skills-sharing.
Chinese classifieds giant 58.com (NYSE: WUBA) will invest one billion RMB on marketing its b-to-c used auto business over the coming three years, according to remarks made by vice president Cong Lin 丛林.
Didi Chuxing-backed used auto transaction platform RenRenChe has reportedly been cutting staff over the past few months. The cuts haven't only affected recently shuttered regional offices, but also the Beijing office, which has seen its headcount fall from 400 in September to just more than 200 today, a former employee disclosed to Sina.com.