TuanChe experienced significant challenges brought about by the COVID-19 outbreak, resulting in substantial year-over-year net revenue declines and a widening net loss. For the first quarter of 2020, the Company’s net revenues decreased by 92.1% year-over-year to RMB9.7 million, or US$1.4 million, in line with the management’s guidance. Download Report

For the full year 2019, the Company’s net revenues decreased slightly by 1% YoY to ~RMB645 million (US$92.6 million,) with annual number of auto sales transactions facilitated increased by 2% YoY, outperforming the annual decline of ~8% for the overall auto industry in China, where December marked the 18th consecutive month of a year-over-year decline [...]

Greenland Acquisition Corp. (“GLAC”), a Nasdaq Capital Market quoted SPAC or special purpose acquisition company incorporated on Dec. 28, 2017, signed a share exchange agreement on July 12, 2019 to acquire 100% of the issued and outstanding capital stock of Zhongchai Holdings (“Zhongchai”). Download Report https://stonestreetus.com/wp-content/uploads/2020/07/Greenland-Acquisition-Corporation-Signed-A-Share-Exchange-Agreement_Complete.pdf

As the fifth and latest generation of cellular mobile technology, 5G’s presence is rapidly growing and promises to bring with it a technological revolution. It serves as the successor to 4G technology, which was first introduced in 2010. 5G will serve as an expansion upon the network and device connection capabilities currently provided by 4G [...]

TuanChe Limited is a leading transaction-based automotive marketing solution service provider to automobile buyers and industry sellers, founded in 2010.  It is to operate as an omni-channel automotive marketplace where an online platform as a traffic driver merged with offline transaction-based auto show events to fulfill the transaction cycle across the nation in China. Download [...]