BitAuto Ad Sales Ready To ‘Bear Fruit,’ Analyst Says

By | January 6, 2015

Scalper1 News

Chinese auto information website operator BitAuto (BITA) on Tuesday received a vote of confidence from equity research firm ICBC, which said it has high expectations for ad sales at the website. The Web company has built a solid presence in auto e-commerce, as well as in auto finance and the emerging used car sector, with all those segments poised to “bear fruit,” wrote ICBC analyst Na You in a research report Tuesday. You maintained a buy rating Scalper1 News

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