Bitauto Burns Through Cash as Bears Bet Big Against Turnaround

Updated on
  • Short interest in ‘Craiglist of China’ touches all-time high
  • Backers include Chinese tech companies Baidu, Tencent, JD.com

Bears Bet Big Against Bitauto Turnaround

Bitauto Holdings Ltd., the Chinese car-listing website whose rally two years ago lured hedge funds including Tiger Management LLC, is attracting a different kind of investor these days: bears.

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