On Febr. 22 Yun Chen Capital Cayman, an affiliate of Ping An Group, acquired about 6.5 percent of the total issued shares of Australia's Telstra Holdings. The move pushed Yun Chen Capital Cayman's beneficial shareholding in Autohome Inc. to about 53.9 percent.
Carview, a Japanese used-car classified jointly operated by Yahoo Japan Corporation, introduced a user-friendly desktop interface for auto buyers, to facilitate the flow of transactions and make negotiation hassle-free.
The managers of Beepi.com, a used-auto start-up in the Francisco Bay-area, confirmed a Techcrunch report (here) that the site had stopped operating after running out of cash, and before it could be sold to an interested party.
After signing up AutoScout24 France last month, payment solution firm Depopass now has all the leading auto verticals in France on its books.
Sandy Schwartz, president of Cox Automotive Group, says he's having fun trying to integrate the 25 businesses that Cox Automotive runs, in a terrific interview by WardsAuto.
Spanish auto classified Clicars.com celebrated achieving sales (transactions) with a combined value of more than $5 million in its first year. The start-up was co-founded by Pablo Fernandez and Carlos Rivera, who hail from finance and consulting backgrounds.
Guazi.com, China’s leading used-auto auto site, held its 2017 annual general meeting at the end of January. At the event, CEO Yang Haochong confirmed that the company had strong revenue growth in 2016, and announced Guazi aims to become the largest used-auto site in the world as measured by the number of transactions - still this year.
Youxin, a used-autos classifieds site in China that has received investment from several high-profile venture capital firms around the world (including KKR and Pincus Warburg), is embroiled in a major data-misrepresentation scandal.
The recent appointment by Careem, a regional Pakistani ride-hailing service, of CarSure, the country's premier auto-inspection service, to handle the maintenance of its fleet of vehicles, was yet another feather in the cap of an auto-inspection service which is much respected locally.
What do you get when you cross a classified ad site with Airbnb and throw in a few tractors? Answer: EquipmentShare.