China's Slumping Car Sales Push Bitauto to Eighth Weekly Decline

  • Auto-listing website operator's ADRs have sunk 56% this year
  • Sales growth forecast to slow for fourth consecutive quarter

Bitauto Holdings Ltd. fell for an eighth straight week, the longest slump on record, amid deepening concern that a slowdown in Chinese auto sales is eroding the car-listing website operator’s revenue growth.

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