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TuanChe Priced, Nasdaq: TC

Organizes auto shows in China.

Industry: Communication Services

First Day Return: +0.4%

Industry: Communication Services

We are a leading omni-channel automotive marketplace in China, ranking third in terms of both volume and GMV of new automobiles sold in 2017, according to iResearch. We provide a scalable omni-channel automotive marketplace approach to automobile marketing and distribution. We offer marketing solutions by integrating our online platform and offline sales events. In 2016, 2017, and the six months ended June 30, 2017 and 2018, we hosted 26, 304, 90, and 315 auto shows across 18, 75, 35, and 119 cities in China, facilitating the transactions of over 13,000, over 193,000, and nearly 148,000 automobiles, respectively. Our auto shows offered a total of 727, 11,046, 3,325, and 11,165 booth spaces in 2016, 2017, and the six months ended June 30, 2017 and 2018, respectively. In 2017 and the six months ended June 30, 2017 and 2018, the GMV of automobile sales transactions we facilitated through our auto shows reached approximately RMB30.0 billion (US$4.5 billion), RMB8.0 billion, and RMB21.4 billion (US$3.2 billion).
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TuanChe (TC) Performance