FAST NEWS: Yixin surges on strong profit, revenue gains
The Latest: Auto financier Yixin Group Ltd. (02858.HK) said on Thursday its revenue rose 29% last year to 6.69 billion yuan ($930 million), while its net profit jumped 50% to 555 million yuan. Looking Up: The…
Yixin steers away from young joint venture to stay focused on China auto market
The online car loan facilitator is pulling out of a 2-year-old tie-up as its state-owned partner seeks to take the venture into new unrelated areas Key Takeaways: Yixin will sell…
Yixin’s growth fizzles, even as strong EV buying provides some lift
The online auto loan facilitator’s total financing grew modestly in the first quarter despite slipping sales in China’s overall passenger vehicle market Key Takeaways: Total auto financing facilitated by Yixin…
Surging EV Sales Rev Up Business at Auto Finance Platform Yixin
The auto loan platform reported that its vehicle financing grew just over 9% in the third quarter despite renewed Covid outbreaks Key Takeaways:Yixin’s financing for sales of electric vehicles surged…
Auto Financer XXF Group Revs Up IPO Engine but Hits Another Speed Bump
The auto finance and leasing company has made another run at an IPO on the Hong Stock Exchange after three earlier bids stalled. But its latest effort has already hit…
FAST NEWS: Yixin Returns to Profits as Loan Intermediary Revenue Surges
The latest: Internet-based auto financier Yixin Group Ltd. (2858.HK) announced Monday that its revenue jumped 73.2% year-on-year to 2.45 billion yuan ($358 million) in the first half of the year,…
Autohome Weathers Covid Storm, Revs Up for Speedier Second Half
The Internet auto-sales platform’s revenue grew 17.7% sequentially in the second quarter, showing resilience in the face of China’s pandemic disruptions Key Takeaways: Autohome’s revenue rose strongly on a sequential…
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