They IPOed at almost $1 billion, and $17 a share, which rapidly collapsed to $6-7 a share, and it's been pretty volatile since. They're based out of the Cayman islands and operate primarily through subsidiaries/VIEs of course. They also operate the second largest online used car auction platform in China, which has been an increasingly popular method of purchasing cars there. Just seeing how much their stock has fallen, I wonder if now might be a decent time to consider investing. submit
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