Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
TuanChe names Chenxi Yu as deputy CFO » 17:05
06/05/20
06/05
17:05
06/05/20
17:05
TC

TuanChe

$1.38 /

-0.11 (-7.38%)

TuanChe Limited announced…

TuanChe Limited announced that the company's board has appointed Mr. Chenxi Yu, the company's current financial controller, to serve as the deputy CFO in charge of corporate finance and financial reporting of the company, effective June 15, 2020. Mr. Yu's appointment follows the resignation of Mr. Troy Mao, the company's current chief financial officer, which will become effective on June 15, 2020. Mr. Mao and Mr. Yu will work together to ensure an orderly transition of duties. Mr. Mao resigned from his current position at the company for "personal reasons, which did not result from any disagreement with the company on any matters relating to the Company's business performance, financial reporting or controls, where the company has built a strong finance function", the company states.

ShowHide Related Items >><<
TC TuanChe
$1.38 /

-0.11 (-7.38%)

Over a quarter ago
Hot Stocks
TuanChe sees March quarter 'materially and adversely impacted' by COVID-19 » 06:08
02/26/20
02/26
06:08
02/26/20
06:08
TC

TuanChe

$1.50 /

-0.04 (-2.60%)

TuanChe announced that it…

TuanChe announced that it anticipates both financial and operating results for March 2020 and the first quarter as a whole, to be materially and adversely impacted by the COVID-19 epidemic in China. The company previously announced on January 30, that it would be suspending all offline sales events in February. This decision was made in accordance with all relevant national and local regulations on Epidemic prevention and control, designed to ensure the health and safety of customers and employees. In light of the continuously developing status of the Epidemic and the vital prioritization of containment efforts, the company is further suspending all auto shows and special promotional events previously scheduled in March, with the possibility of further reductions in offline sales events currently scheduled in the second quarter of 2020. The company continues to closely monitor both the Epidemic and subsequent mandated regulatory actions and restrictions by government authorities. Additionally, the company is proactively taking the necessary steps to further optimize its cost structure and conserve resources, as well as accelerating the development of its virtual dealership and online marketing services.

ShowHide Related Items >><<
TC TuanChe
$1.50 /

-0.04 (-2.60%)

05/21/19 Maxim
TuanChe assumed with a Buy at Maxim
Hot Stocks
TuanChe sees Q1 results 'materially and adversely affected' by coronavirus » 06:10
01/30/20
01/30
06:10
01/30/20
06:10
TC

TuanChe

$1.42 /

-0.29 (-16.96%)

TuanChe announced that…

TuanChe announced that its financial and operating results for the first quarter of 2020 are expected to be materially and adversely affected by the recent and fast-evolving coronavirus outbreak in the central city of Wuhan and other cities in China. As a result of the Outbreak and widespread public concerns, the company has to significantly reduce the number of offline sales events in the coming months. All auto shows and special promotional events previously scheduled in February have been officially cancelled. The company believes the probability for a reduction in offline sales events currently scheduled in March is substantial, and will provide timely update when there is further clarity. In light of the reduction in the number of offline sales events in the coming months, the company's financial and operating results for the first quarter of 2020 are expected to be materially and adversely affected. The company is taking actions to further reduce expenses and conserve resources in addition to the decrease in direct costs associated with the cancelled offline sales events. Meanwhile, the company continues to accelerate the development of its virtual dealership and online marketing services. Given the fluid and fast-evolving situation, the company currently does not have a view on whether the reduction in offline sales events will continue in the second quarter and beyond, but will continue to closely monitor the situation and comply with directives and restrictions imposed by relevant authorities in China.

ShowHide Related Items >><<
TC TuanChe
$1.42 /

-0.29 (-16.96%)

05/21/19 Maxim
TuanChe assumed with a Buy at Maxim
02/05/19 Maxim
TuanChe initiated with a Buy at Maxim
02/05/19 Maxim
TuanChe initiated with a Buy at Maxim
Hot Stocks
TuanChe announces strategic partnership with Tmall Auto » 05:54
10/21/19
10/21
05:54
10/21/19
05:54
TC

TuanChe

$2.58 /

+ (+0.00%)

, BABA

Alibaba

$169.18 /

-7.665 (-4.33%)

TuanChe (TC) announced…

TuanChe (TC) announced that it has signed a strategic partnership with Tmall Auto, the automotive arm of Alibaba Group's (BABA) Tmall. This partnership will further enable both TuanChe and Tmall Auto to collaborate and explore additional growth opportunities along China's automotive transaction value chain. "As part of the agreement, Tmall Auto will work with TuanChe to integrate its online resources, e-commerce infrastructure, and big data analysis capabilities with TuanChe's pervasive national coverage and proven track record managing offline automotive operations and sales events. Both companies also plan to jointly integrate a new data-driven, smart, online-to-offline automotive transaction service while further expanding each other's customer bases and enhancing the car-purchasing experience for consumers. In conjunction with these commitments, the Company has also become the first regional partner for Tmall Auto's Bijiabao. Bijiabao is an automotive price comparison product that offers free price quoting services to automotive shoppers online, effectively increasing the overall transparency of pricing throughout China's automotive industry."

ShowHide Related Items >><<
TC TuanChe
$2.58 /

+ (+0.00%)

05/21/19 Maxim
TuanChe assumed with a Buy at Maxim
02/05/19 Maxim
TuanChe initiated with a Buy at Maxim
02/05/19 Maxim
TuanChe initiated with a Buy at Maxim
BABA Alibaba
$169.18 /

-7.665 (-4.33%)

10/04/19 HSBC
HSBC boosts Alibaba target to $233 on continued dominance in retail market
09/16/19 Citi
Alibaba unlikely to revise sales guidance at investor day, says Citi
09/10/19 BofA
Easing competition presents potential upside for Pinduoduo, says BofA/Merrill
09/06/19 Citi
NetEase price target raised to $326 from $301 at Citi
Conference/Events
TuanChe management to meet with Maxim » 04:55
09/11/19
09/11
04:55
09/11/19
04:55
TC

TuanChe

$2.79 /

+0.19 (+7.31%)

Meeting to be held in New…

Meeting to be held in New York on September 11 hosted by Maxim.

ShowHide Related Items >><<
TC TuanChe
$2.79 /

+0.19 (+7.31%)

05/21/19 Maxim
TuanChe assumed with a Buy at Maxim
02/05/19 Maxim
TuanChe initiated with a Buy at Maxim
02/05/19 Maxim
TuanChe initiated with a Buy at Maxim
Conference/Events
TuanChe management to meet with Maxim » 08:18
09/10/19
09/10
08:18
09/10/19
08:18
TC

TuanChe

$2.60 /

+0.06 (+2.36%)

Meeting to be held in New…

Meeting to be held in New York on September 11 hosted by Maxim.

ShowHide Related Items >><<
TC TuanChe
$2.60 /

+0.06 (+2.36%)

05/21/19 Maxim
TuanChe assumed with a Buy at Maxim
02/05/19 Maxim
TuanChe initiated with a Buy at Maxim
02/05/19 Maxim
TuanChe initiated with a Buy at Maxim

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.