This article only represents the author's own views.
It may not be zooming anymore, but online car loan facilitator Yixin Group Ltd. (2858.HK) seems to still be cruising along – albeit at reduced speed – in a wobbly Chinese auto market.
Last week, the company said the total number of transactions processed on its auto financing platform grew about 10% in the first quarter from a year earlier, roughly on par with a 10.6% increase in Chinese vehicles sales during the three months. In value terms, Yixin facilitated 16.1 billion yuan ($2.2 billion) in vehicle sales during the quarter, about 8% more than the year-earlier period.
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