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bitauto holdings ltd-adr (BT6) Details

Bitauto Holdings Limited provides Internet content and marketing services for the automotive industry primarily in the People’s Republic of China. The company operates in four segments: Advertising Business, EP Platform Business, Business, and Digital Marketing Solutions Business. The Advertising Business segment provides advertising services, including new automobile pricing and promotional information, specifications, reviews, and consumer feedback to dealers and automakers on its Website. The EP Platform Business segment provides Web-based integrated digital marketing and customer relationship management applications to automobile dealers in China. This segment’s platform enables dealer subscribers to create their own online showrooms, list pricing and promotional information, provide dealer contact information, place advertisements, and manage customer relationships. It also offers third-party marketing applications that enable subscribers to launch their advertisement on third-party Websites. The Business segment provides used automobile listing services to automobile dealers and advertising services to automakers and automobile dealers. Its Website allows consumers to navigate and select used automobile inventory from its database. The Digital Marketing Solutions Business segment provides one-stop digital marketing solutions, such as Website creation and maintenance, online public relations, online marketing campaigns, and advertising agent services. The company also distributes its dealer customers' automobile pricing and promotional information through its partner Websites, including portals operated by Tencent, Netease, and Qihoo 360, as well as social networking Websites and Internet video Websites. In addition, it provides customer services and training to dealer customers. The company was founded in 2000 and is headquartered in Beijing, the People’s Republic of China.

2,719 Employees
Last Reported Date: 11/14/14
Founded in 2000

bitauto holdings ltd-adr (BT6) Top Compensated Officers

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bitauto holdings ltd-adr (BT6) Key Developments

Lentuo International Inc. Announces Joint Venture with Bitauto Holdings Limited and Youxinpai (Beijing) Information Technology Co., Ltd

Lentuo International Inc. announced that its joint venture with Bitauto Holdings Limited and Youxinpai (Beijing) Information Technology Co., Ltd. announced on August 15, 2014 has been officially registered with the Beijing Municipal Administration of Industry and Commerce. With operational planning having already begun, the JV will begin developing what is expected to be the Online-to-Offline platform exclusively dedicated to certified premium pre-owned cars in China. The JV is expected to contribute significantly to the premium cars and pre-owned cars businesses of the Company, two of its four strategic pillars. It will initially be centered on Beijing, where sales of pre-owned cars, and particularly premium pre-owned cars, are growing much faster than sales of new cars, and it will gradually expand to other cities. With respect to the expansion outside Beijing, the recently announced BMW dealership in Gaobedian while contributing to geographic diversification, another strategic pillar of the Company, will eventually add to the volume of premium pre-owned cars for sale.

Bitauto Holdings Limited - Special Call

To discuss strategic partnership with and Tencent Holdings Limited

Bitauto Holdings Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Bitauto Holdings Limited announced unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported revenue of RMB 607,953,719 compared to RMB 378,214,429 a year ago. Operating profit was RMB 157,219,536 compared to RMB 76,287,162 a year ago. Profit before tax was RMB 214,651,010 compared to RMB 78,607,641 a year ago. Profit for the period attributable to ordinary shareholders of the parent company was RMB 184,187,280 compared to RMB 72,324,719 a year ago. Non-GAAP profit for the period was RMB 143,925,914 compared to RMB 77,670,039 a year ago. Non-GAAP basic and diluted profit per ADS attributable to ordinary shareholders of the parent in the third quarter of 2014 was RMB 3.33 and RMB 3.13 respectively. The company currently expects to generate revenue in the range of RMB 720.0 million to RMB 740.0 million in the fourth quarter of 2014, representing a 48.9% to 53.0% year-over-year increase. The company currently expects non-GAAP profit attributable to ordinary shareholders of the parent in the range of RMB 158.0 million to RMB 168.0 million in the fourth quarter of 2014, representing a 52.9% to 62.6% year-over-year increase.


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