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TC

TuanChe

$6.81

0.06 (0.89%)

07:17
04/24/19
04/24
07:17
04/24/19
07:17

TuanChe establishes strategic partnership with Easyhome to organize auto shows

TuanChe announced that it has established a strategic partnership with Beijing Easyhome Furnishing, Under the partnership, TuanChe and Easyhome will jointly establish a retail experience that combines home decoration products and automotive services to serve a broader range of consumers in China. As a part of the partnership, Easyhome will offer shopping mall retail spaces free of charge as new venues for the company to organize auto show events. As the company aims to unlock the monetization potentials of Easyhome's customer base, TuanChe is expected to bring its auto show events to Easyhome's retail locations in over 200 cities in China. The partnership will also allow Easyhome to enhance its brand influence and expand its customer traffic flow via TuanChe's reputation and expertise in organizing auto shows.

TC TuanChe
$6.81

0.06 (0.89%)

02/05/19
MAXM
02/05/19
INITIATION
MAXM
Buy
TuanChe initiated with a Buy at Maxim
02/05/19
MAXM
02/05/19
INITIATION
Target $13
MAXM
Buy
TuanChe initiated with a Buy at Maxim
Maxim analyst James Jang initiated TuanChe with a Buy rating and a price target of $13, saying the company offers a model of "significant sales growth" as an asset-light "omnichannel automotive marketplace" that is disrupting the Chinese market. The analyst cites the company's current expansion plans that align with "overall Chinese automotive trends" and expects its expansion into the underserved Tier 3 and below cities to generate more earnings growth.

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