TUHU Car Inc. Class A (HK:9690) has released an update.
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TUHU Car Inc. reports robust growth in its unaudited interim results, with revenue and profit for the six-month period ending June 30, 2024, jumping 9.3% and a striking 378% respectively, compared to the previous year. The company, which operates under a weighted voting rights structure and is incorporated in the Cayman Islands, has also seen a significant increase in its operational metrics, including a 23% increase in the number of Tuhu workshops and an 18.8% rise in transacting users. Investors are cautioned about the company’s weighted voting rights structure, which may lead to significant influence by certain shareholders over others.
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