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Stock Market & Financial Investment News

News Breaks
August 15, 2014
06:04 EDTLAS, BITABitAuto and Lentuo International estabalish joint venture with UXIN
Bitauto (BITA) announced that it has entered into an agreement to establish a joint venture with Lentuo International (LAS) and Youxinpai (Beijing) Information Technology, a professional auto auction service provider in China. The JV will integrate the companies' nationwide resources into an online-to-offline platform focused on high-end used cars in China. The joint venture, which will originally be centered on Beijing and gradually expand to other cities, will integrate the resources of each partner to build the largest Online-to-Offline platform exclusively focused on high-end pre-owned cars in China. Lentuo will own 60% of the joint venture with Bitauto and UXIN each holding 20%.
News For BITA;LAS From The Last 14 Days
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September 30, 2015
11:54 EDTBITAAutohome, Bitauto jump after China halves tax on small cars
Shares of Autohome (ATHM) and Bitauto (BITA) are moving higher after the Chinese government yesterday morning said it would cut the 10% purchase tax on small cars in half. The tax break, effective between tomorrow through the end of next year, is on cars with engines no larger than 1.6 liters and is aimed at boosting demand, the government announced. Autohome, a provider of online advertising and dealer subscription services, is up $4.51 to $34.10 in midday trading. Bitauto, a provider of Internet content and marketing services for China's automotive industry, is up $1.88 to $30.17.

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