TuanChe (TC) has released an update.
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TuanChe Limited, a major automotive marketplace in China, reported a significant decrease in net revenues to RMB 32.3 million in the first half of 2024, down by 64.9% from the previous year. Despite challenging market conditions and intensified competition, the company managed to improve its gross margin and reduce its loss from operations. TuanChe is focusing on innovative business strategies and optimizing operating efficiency to overcome current challenges and support long-term shareholder value.
For further insights into TC stock, check out TipRanks’ Stock Analysis page.
