TuanChe Limited ("TuanChe" or the “Company”) (TC), a leading omni-channel automotive marketplace in China, today announced that the closing of the acquisition transaction (the “Closing”) pursuant to the share purchase agreement (the “Agreement”) with, among other parties, Longye International Limited, a company incorporated in the Cayman Islands (“Longye”), took place on January 13, 2020 (the “Closing Date”). Following the Closing, the Company has acquired the entire equity interest in Longye for a consideration of RMB200 million in the form of a combination of cash and the Company’s securities.
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Shares of TuanChe (NASDAQ:TC) were unchanged in pre-market trading after the company reported Q4 results.Quarterly Results Earnings per share decreased 400.00% year over year to ($0.03).Revenue of $26,260,000 was down by 20.26% from the same period last year.Guidance Earnings guidance hasn't been issued by the company for now.Q1 revenue expected to be between $1,293,000 and $1,436,000.How To Listen To The Conference Call Date: Apr 15, 2020View more earnings on TCTime: 07:04 AM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/tc/mediaframe/36418/indexr.htmlTechnicals Company's 52-week high was at $7.6652-week low: $1.12Price action over last quarter: down 0.64%Company Description TuanChe Ltd is an omnichannel automotive marketplace in China. The company operates in two business divisions including Integrated marketing solutions and Virtual dealership services. It organizes auto shows, which aim at facilitating transactions between consumers and auto dealers that includes auto dealers, automakers and automotive service providers. It provides services through its online platform and offline events. Geographically the company generates revenue from the China market.See more from Benzinga * Bank of America: Q1 Earnings Insights * U.S. Bancorp: Q1 Earnings Insights * Recap: ASML Holding Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TC earnings call for the period ending June 30, 2019.
NEW YORK, NY / ACCESSWIRE / August 20, 2019 / Against the continued challenging market headwinds where June marked the 12th consecutive month of a YoY decline in industry-wide passenger car sales in China, TuanChe reported a YoY growth of 12% in total revenues of RMB203.5 million in the 2nd quarter of 2019, outperforming the YoY decline of 14% in the overall industry gross auto-sales volume. The sustained sales outperformance was mainly attributed to the company’s continuous growth in its core auto-show business, further aided by its new special- promotion events business launched earlier this year, whose marketing services revenues reached RMB5.8 million in Q2, compared to RMB0.8 million in Q1.
BEIJING, Nov. 26, 2019 -- TuanChe Limited (“TuanChe” or the “Company”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced its unaudited.
BEIJING, May 19, 2020 -- TuanChe Limited (“TuanChe” or the “Company”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced that it filed its.
NEW YORK, NY / ACCESSWIRE / April 15, 2020 / TuanChe Ltd. (NASDAQ:TC) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on April 15, 2020 at 8:00 AM Eastern ...
Every investor in TuanChe Limited (NASDAQ:TC) should be aware of the most powerful shareholder groups. Large companies...
TuanChe Limited ("TuanChe" or the “Company”) (TC), a leading omni-channel automotive marketplace in China, today announced that it has signed a strategic partnership with Tmall Auto, the automotive arm of Alibaba Group’s (BABA) Tmall, China's largest e-commerce platform for brands and retailers. This partnership will further enable both TuanChe and Tmall Auto to collaborate and explore additional growth opportunities along China’s automotive transaction value chain.
TuanChe Limited ("TuanChe" or the “Company”) (TC), a leading omni-channel automotive marketplace in China, today 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 (in Hubei province) and other cities in China (the “Outbreak”). 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. 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.
BEIJING, Nov. 13, 2019 -- TuanChe Limited ("TuanChe" or the “Company”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced that it plans to.
TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019.
TuanChe Limited (Nasdaq: TC) 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 in industry-wide passenger car sales in China. TuanChe's average gross margin remained flat YoY at 71.1%.
Plains All American Pipeline (PAA) is set to issue notes to refinance outstanding debt and for general partnership purposes.
TuanChe Limited ("TuanChe" or the “Company”) (TC), a leading omni-channel automotive marketplace in China, today 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 “Epidemic”). The Company previously announced on January 30, that it would be suspending all offline sales events in February. 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.
TuanChe Limited ("TuanChe" or the “Company”) (TC), a leading omni-channel automotive marketplace in China, today announced the results of the Company's 2019 Annual General Meeting of Shareholders ("2019 AGM") held on November 15, 2019, at 10:00 a.m. China Standard Time in Beijing, China.
TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced that it plans to release its fourth quarter and full year 2019 unaudited financial results before the U.S. market opens on Wednesday, April 15, 2020. The earnings release will be available on the Company's investor relations website at http://ir.tuanche.com/.
TuanChe Limited (“TuanChe” or the “Company”) (TC), a leading omni-channel automotive marketplace in China, today announced that it would hold its 2019 annual general meeting of shareholders at 9F, Ruihai Building, No. 21 Yangfangdian Road, Haidian District, Beijing 100038, The People’s Republic of China on November 15, 2019, at 10:00 a.m. China Standard Time. The proposals to be submitted for shareholders’ approval at the annual general meeting include (1) the removal and appointment of certain directors for the board of directors of the Company (the “Board”), (2) the removal and appointment of the committee members of the audit committee of the Board, the compensation committee of the Board and the nominating and corporate governance committee of the Board, (3) the ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2019, and (4) amendment of Article 90(c) of the Seventh Amended and Restated Articles of Association of TuanChe Limited.