Does it make a big difference if a company is public or private in the same sector When it comes to automobile sales in the world’s most populous country, the answer for now appears to be a resounding 'yes'.
China's market for online car sales is currently in intriguing shape with valuations in the private sector soaring and public companies shedding value as investors pour billions of dollars into private auto trading platforms while selling off their listed counterparts.
The latest example is Souche. The privately held automobile trading app said on Monday that it had raised $578 million from a group of new...
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