Bitauto halves loss thanks to 41% revenue growth

12 May 2017
Bitauto Holdings Ltd., one of China’s two auto sites listed on foreign stock exchanges, saw its revenue jump 41 percent in Q1 of FY2017 to RMB 1.6 billion ($225 million U.S.) from Q1 of FY2016, according to the Q1 report released on May 11.

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Don Gasper

Don Gasper joined the AIM team as a writer and analyst in 2005. Based in Hong Kong, he covers media-industry trends in the Greater China area. He specializes in business and legal developments concerning Chinese companies and has worked for several years as a reporter and editor for a number of daily newspapers in Hong Kong. He later moved on to work as a contributor and editor for various monthly publications and Web sites and has also lectured on journalism and communications at different universities. Don is particularly interested in the development of the Internet and how this is revolutionizing possibilities for business and social communication in China. He took part in the International Federation of Journalists mission to China in 2008 to investigate and advise on media arrangements for the Beijing Olympics. He graduated in Oriental Languages at Cambridge University and went on to study Political Science and Political Economy.