On ****, Gelunhui reported that China's largest used car trading service provider, Autos (2443.HK), rose more than 8% intraday, having previously soared nearly 66% on its first day of trading and reached a high stock price of HKD 16.92, with a current total market value of HKD 8.63 billion. As a used car trading platform, the company mainly provides end-to-end highly standardized, highly reliable used car trading solutions for sellers (mainly 4S dealerships) and buyers (mainly professional buyers). According to Zhoushi Consulting data based on 2022 transaction volume, Autos is the largest used car trading platform in the country. Approximately 160,000 used cars were traded through Autos' trading platform in 2022, accounting for 12.6% of China's used car trading platform market share and ranking first; an estimated 176,000 in 2023. According to Zhoushi Consulting data, the company is also the used car trading platform with the most offline auction fields and the broadest offline service geographic coverage in the country.
港股异动丨汽车街盘中一度涨超8% 此前首日上市曾大涨近66%
Hong Kong stocks fluctuate: Auto Street rose more than 8% during intra-day trading, and previously rose nearly 66% on its first day of listing.
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