Scalper1 News
Shares of Autohome (ATHM) and BitAuto (BITA), China’s leading auto web sites, lost power for the second straight day Thursday. After falling more than 4% on Wednesday, Autohome was down nearly 9% Thursday afternoon. BitAuto was off 1% on the stock market today, after a nearly 5% drop Wednesday. Hong Kong-based analyst You Na of ICBCI said that high valuations and inflated expectations for used cars and new initiatives in e-commerce are likely Scalper1 News
Scalper1 News